gcWe all know that crude oil is falling precipitously. We all know that the dollar is rallying. Crude oil is priced in US dollars. How does the price of crude look in terms of Gold?

The chart shows how many barrels of crude one ounce of gold buys. The three year average is 15.5. Above this and crude oil could be considered cheap in relation to gold. Below, and the price of crude could be considered expensive in relation to gold.

Buy(Crude Oil) possibilities are shown with red circles. Sell possibilities with green circles.

Lundy Hill