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...the gold/oil ratio:
I read somewhere in the early morning scan that the Gold/Oil ratio (GOR) was now at its highest level since 1998, which got a mental "woah!". So here we are post-breakfast and I searched out a long-term chart of GOR, from Macrotrends here. Your chart, that goes back to 1978 (Jimmy Carter time, begad):
Indeed it's true. What's also true is the spiky nature of the ratio...that's more important methinks.