An Ominous Sign
As oil plummets and gold rises, the gold to crude oil ratio has skyrocketed to levels last seen in late 2008/early 2009.
It should be obvious to anyone other than the most die hard CNBC economic cheerleader that a drop in oil price of 60% in six months is a bad sign. Even more obvious is that ALL currencies are weak, including the U.S. dollar, because of massive debt loads and low or no economic growth.
The U.S. economic growth is a temporary mirage, the debt is very real.