Hi karw, ... Not sure why you would say that Gold is cheap?
I am sorry, that chart didn't post the way it looked in the preview. With Zig-Zag shown, the relative value of gold to oil would have been more compelling.
The first drop is the oil spike, was that GS or Lehman pushing that oil price so high?
That's an interesting thought. Of course, there is no market manipulation :)
I don't own oil or energy right now; however, I do own a couple of gold stocks.
Best regards,
Jack