Chart of the Day - Oil to Gold Ratio Breaking Down

Grams of Gold per 1 barrel of Oil is pushing lower. We typically spend very little time at these low levels unless we are in a deflationary bust period. What is going on?

Chart of the Day - Grams of Gold in 1 barrel of Oil.

Source: Bloomberg

We have now pushed lower through the 1g of gold for 1bbl of oil level, which is pretty rare by historical standards. We typically…