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oil priced in gold is almost $0
| Passionate Lay Psychic | 10/08/25 |
| medicated pozpig church building | 10/08/25 |
| Passionate Lay Psychic | 10/08/25 |
| medicated pozpig church building | 10/08/25 |
| Passionate Lay Psychic | 10/08/25 |
| medicated pozpig church building | 10/08/25 |
| Passionate Lay Psychic | 10/08/25 |
| yapping newt dingle berry | 10/08/25 |
| Passionate Lay Psychic | 10/09/25 |
Poast new message in this thread
Date: October 8th, 2025 5:20 PM Author: Passionate Lay Psychic https://www.macrotrends.net/1380/gold-to-oil-ratio-historical-chart
the peak was during covid when oil hit $0. we're headed there again. something scary is going on. one of these price levels has to be very wrong. |
Date: October 8th, 2025 5:29 PM Author: medicated pozpig church building i have no idea what this means, but it is interesting looking (http://www.autoadmit.com/thread.php?thread_id=5784437&forum_id=2:#49335124) |
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Date: October 8th, 2025 5:32 PM Author: Passionate Lay Psychic it's a chart of how many barrels of oil you can buy with one ounce of gold. at the peak in april 2020, when oil briefly went to $0, it was 90 barrels per ounce. right now, when oil is around $60, it is close to 60 barrels per ounce. so either oil is incredibly cheap at $60/bl, or gold is incredibly expensive at $4k/oz. given that there's no global crisis in energy demand, it would seem that gold has a reckoning coming. (http://www.autoadmit.com/thread.php?thread_id=5784437&forum_id=2:#49335127) |
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Date: October 8th, 2025 5:34 PM Author: medicated pozpig church building i get that. i just don't know what if anything the broader significance of this is
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Date: October 8th, 2025 5:35 PM Author: Passionate Lay Psychic you either buy the fuck out of oil stocks or you short the fuck out of gold. gold is screaming inflationary catastrophe and/or dollar collapse, but oil - the actually useful global commodity - isn't showing it at all. (http://www.autoadmit.com/thread.php?thread_id=5784437&forum_id=2:#49335133) |
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Date: October 8th, 2025 5:49 PM Author: medicated pozpig church building are the russians and saudis just flooding the shit out of the market here?
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Date: October 8th, 2025 7:04 PM Author: Passionate Lay Psychic that's definitely going on, but it's hard to imagine that supply is at a level close to covid where there was literally no demand. they're driving down prices to pick up market share but they're not suicidal. another tell is that xom and cvx haven't moved an inch in years.
the most likely call is that gold is wildly overvalued. it will take a market crash to find out. it can keep running until then, but once shit hits the fan the big boys sell gold to raise cash and offset losses and that will clear out all of the late stage speculators. gold has a history of 30-50% collapses, and i think we see that here to the $2-2500 level. |
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Date: October 8th, 2025 5:36 PM Author: yapping newt dingle berry Yeah the time period right after "COVID" really sucked for investors (http://www.autoadmit.com/thread.php?thread_id=5784437&forum_id=2:#49335135) |
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Date: October 9th, 2025 10:14 AM Author: Passionate Lay Psychic gold to housing chart similarly at historic levels:
https://www.longtermtrends.net/real-estate-gold-ratio/ |