“Oil is the part that rises to fix a stretched gold-oil ratio, because late-cycle the adjustment comes from oil climbing, not gold falling.”
“Where are we right now? We got a $5,000 gold price. Divide that by 20, you get $250. That's sky high relative to where we are now... I'm saying that must be the tendency for the market to move to.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.