I DONT THINK SO...NOT LONG TERM ANYWAY.
YOU COULD ARGUE THAT OIL IS MORE REAL ECONOMY ORIENTED...
AND GOLD IS MORE OF A MONETARY AND FISCAL POLICY PLAY...
TO WIT: THE ECONOMY IS GOING TO TANK...BECAUSE THE DOLLAR WILL BE WEAKER...
HENCE, CHEAPER OIL AND HIGHER GOLD...VOILA...THE "DE-COUPLING" OF TWO DOLLAR DENOMINATED ASSETS...
MY HUNCH IS THAT GAS WILL RISE A BIT IN THE SPRING... BUT I REALLY DON'T THINK THE US ECONOMY CAN SURVIVE $4 GAS!
THE $3 GAS IS ONLY NOW STARTING TO BITE...AND LOOK WHAT'S HAPPENING TO THE CONSUMER...!
