RE:RE:RE:Stagflation!Both Oil and Gold have become inflation defence assets. Their charts look the similar in that the price of oil and gold have risen to elevalted levels since the start of COVID pandemic deficit spending:
https://tradingeconomics.com/commodity/gold
https://tradingeconomics.com/commodity/crude-oil
Steve Cortez points this out:
https://amgreatness.com/2023/09/26/the-looming-economic-cauldron/