JohnKeverich
Long

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

217 1 5
a year ago
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:
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a year ago
Comment: We got a bounce. But there is plenty of resistance to overcome
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a year ago
Comment: There is an epic battle underway here
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a year ago
Comment: [image]https://www.tradingview.com/x/er5DPMry/[/image]
10 months ago
Comment:
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JohnKeverich
a year ago
snapshot
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