Gold Oil ratio

The gold oil ratio is still historically very low, in other words: gold is still cheap also when compared to oil.

See my previous review of gold oil ratio (weekly chart):
http://globalgold.blogspot.com/2005_12_25_globalgold_archive.html
Oil itself has more then a few bullish fundamentals and seems at the beginning of a recovery from the latest correction. see oil charts here:
http://cmd-chart.blogspot.com
Overall and in my opinion both Gold and Oil are headed higher in 2006 but gold should finally outperform.

Click on the chart below to enlarge: