Sunday, April 29, 2012

Today's Gold to Oil Price Ratio is About 15.86

In other words, 15.86 barrels of oil buys one ounce of gold.

Oil could rise to about $111 per barrel from today's $104.93 to achieve the perfect balance of 15:1.

Or gold could descend to about $1,575 the ounce to achieve the same thing.

The dollar has been trading in a fairly steady range of 3 percent for much of 2012 to date.