guys been doing some historical chart research and have come to the following conclusions (very unpopular conclusions) but here they are...

http://www.sharelynx.com/charts/AuCL...

oil/gold have little relationship. the USD has a big relationship to both oil/gold but they're not mutually inclusive. the large gold move in the late 70's was much more a flight to quality than an oil/gold connection. here's what i see, please add/disagree as you see fit. while i can see oil dropping on demand in the near future, i can see gold rising on credit concerns...like einstein said "it's just a theory"... theres no doubt that the cost of energy is one of the biggest drivers of the strength of the dollar, but theres quite a bit of lag time in both directions and it's not the only driver of the dollar.

as oil goes up, the dollar goes down (fairly slowly).

the dollar goes down, gold goes up (fairly quickly).

thats the only connection i really see.