Meaning relative to gold, oil is STILL on sale.
They don't think so in California this weekend, but it's true.
Gold would need to fall to $1,350 the ounce to right the ratio at the current price of oil, a 24 percent decline.
Or oil would need to go to $118 the barrel at the current price of gold to right the ratio, a 31 percent increase from the current price near $90.
