Sometimes.
Other times they go in opposite directions.
In my humble opinion, gold follows oil.
Sometimes.
Other times they go in opposite directions.
There's a lot of truth to that and vice versa.
Oil has historically sold for about 12 bbls/oz. of gold. We're returning to that figure. Investors looking for a quick return have driven gold higher than that average.
They're bailing now, as they should. Gold isn't an investment. It's a hedge against inflation. When it gets closer to $1000, I'm buying me some.