Gold vs. Oil By Jeremy Jones, CFA - January 8, 2015 Oil is a steal in terms of gold. The ratio of gold to oil is trading at more than two standard deviations above an almost five decade mean. A long-short would be your play here. Share this:EmailTwitterFacebook RELATED ARTICLESMORE FROM AUTHOR Could Arabica Coffee Prices Drop 30% by End of 2025? Russia’s Oil Trade Severly Disrupted by Recent U.S. Sanctions Good as Gold: Will Ron Paul Audit the Fed?