Hopes this helps put things in persective,..

From earlier calculations today the current Gold:Oil ratio is approx. 6.44!..

As James Turk has already pointed out to all who read his excellent commentary, the ratio of gold to oil has only been lower on one other occasion since the Second World War,.. That was around August/September of 2005,.. What is also important to note at that time was that it co-incided with a multi-month peak in the price of oil, the beginning of a new 8 month upleg in gold, a rise in the dollar index of some 8% in the 2.5 months thereafter and a 10 month rise in the US 10 Yr Bond Yield,..