12am this morning – 1 oz of Gold could buy 77.3 BBL’s WTI.
Period Aug 1997 to current (charts vertically aligned – lower one is Gold to Oil ratio)
Does anyone else see value here at the end of this 3 year descending wedge?
If you missed your chance in Q1 of 2020 to buy decent dividend yielding energy stocks and placing in the coffee can (GOR was around 90+), this might be another opportunity, but without as much BS fearmongering. 80 years of GOR below for context.



nothing jumps out for me yet to say ‘buy’. I watch the gasolina for clues and stoch not cycled down enough yet. Winter slowdown for driving and tariffs culling the economy. Seeing 113/litre in my hood alas. But the diesel still up which gives no deals to the truckers….
https://www.tradingview.com/x/YKStPrD1/