Price of oil in terms of gold in the long-term buy zone

20 Ara 2015

I think it might be instructive to take a look at the real price of oil by getting the inflationary effects of paper money out of the picture.

Sadly, tradingview has no data from before 1984, but a cursory look at the chart shows that oil is already at its lowest level since 1988.

Personally, I'm betting on some kind of reversion to mean.

Daily view:

23 Ara 2015

Not

We got a bounce. But there is plenty of resistance to overcome

30 Ara 2015

Not

There is an epic battle underway here

30 Ara 2015

Not

18 Mar 2016

Not