Interesting article on oil/gold ratio:

article on oil to gold ratio

Historically, there is always "reversion to the mean" - meaning that things go up, or they go down, but after a while at some extreme level, they generally tend to go back to a more reasonable price point.

Gold has been super cheap in terms of barrels of oil per ounce of gold. But, nothing rises "to the moon". We have Peak Oil, but oil is relaxing in price, and there is good reason to believe that there will be upward pressure on the gold price, especially with a wave of more bank failures coming.

July is ending, and Ganalane's call for a mid-Sept NR is that many days closer. Yes, of course I'd welcome one in August too, but I'm setting my "patience adjustment" for a goodly wait, just so I can sleep at night. And picking up cheap shares along the way.