The chart compares WTI crude (top) and the Gold/Oil ratio (bottom) on a weekly basis.
Historically, when the Gold/Oil ratio spikes — meaning gold becomes very expensive relative to oil — it tends to mark the end of the precious metals phase and the beginning of the broader commodity cycle.
In the past three cycles:
-2009 → 2011: Oil +219%
-2016 → 2018: Oil +188%
-2020 → 2022: Oil +572%
We’re seeing the same setup again:
USOIL sits at long-term support.
Gold/Oil ratio has reached historical extremes.
In each of these cases, gold had already led the move — followed by silver, industrial metals, and finally oil — the last to rally as growth and inflation expectations picked up.
If history rhymes, this could mark the rotation point where energy begins to outperform within the commodity complex.
Historically, when the Gold/Oil ratio spikes — meaning gold becomes very expensive relative to oil — it tends to mark the end of the precious metals phase and the beginning of the broader commodity cycle.
In the past three cycles:
-2009 → 2011: Oil +219%
-2016 → 2018: Oil +188%
-2020 → 2022: Oil +572%
We’re seeing the same setup again:
USOIL sits at long-term support.Gold/Oil ratio has reached historical extremes.
In each of these cases, gold had already led the move — followed by silver, industrial metals, and finally oil — the last to rally as growth and inflation expectations picked up.
If history rhymes, this could mark the rotation point where energy begins to outperform within the commodity complex.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。