Evidence Gold Is About To Roar & Oil Will Tank

Consider the chart above.  The value of gold is pulling away from crude oil just like it did in October 2008.  We can see a golden cross for the gold to crude ratio at that time, and the price of crude fell off a cliff shortly afterward.

Now consider a one year chart of the gold to crude ratio:

We see that once again we have a golden cross for gold that just occurred a few days ago.  Will we see another stock market correction and watch oil drop accordingly?

Our target for crude oil in this environment is the $50 to $55 range within months.