Gold & Commodity Ratios
Gold, silver, oil, and copper measured against each other and the broad market.
Commodity ratios strip out the dollar and ask how real assets are priced against one another. The gold-silver and gold-to-oil ratios are watched for signs of inflation, growth, and risk appetite, while copper-to-gold is a long-standing read on the global growth cycle.
Comparing metals and energy against gold, and the whole complex against equities, helps separate a genuine commodity story from a simple move in the dollar.