Gold Price Uptrend Line is Sound

Consider a 20 % pull back in oil from todays $125 Oil Price level. That leaves you with a $93 Oil Price. Now consider the historical GOLD/OIL ratio is 15 - 20, you can see Gold is very reasonably priced here. 16 times 93 gives you a $1,488 Gold Price.

My view is there is a possibility the world is coming to the realization that a $100 Oil Price and climbing is the new reality.