A chart I put up recently showed that the price of oil per gram of gold has been much lower in the past than at present. Today a gram of gold was worth $38.37.

http://goldvalue.co/gold-price-per-gram-today/

At a price today for oil at about 58 bucks, the price of oil per gram of gold was 1.5 grams. It's been well below 1.5 a number times in the past, including within the last decade.

Crude Oil, West Texas Intermediate From 1950:

My point is, this is no time to panic. This association shows wild swings within short spans of time, and this is just the latest example. It will soon turn the other way, IMO.