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here is a long term graph of the gold-oil ratio.  the average seems to be somewhere around 20.  

we are currently around 25.  (and seem to be still heading lower).  

i would expect the market to favor oil over gold for a few more months.  when we get down to 20, we should see a move higher for a year or so.  

20 to 1 might mean something like gold at 2000, and oil at 100.   or gold at 1900, oil at 95.