Gold just cannot fall fast enough to keep up with the decline in oil prices. As a consequence, oil remains the better investment relative to gold, but you'd be crazy to buy either in this environment, in my arrogant opinion. You might as well try to catch a falling knife, or two of them.
Oil is plunging on increased supply in tandem with flagging demand, which has been flat to barely rising in the US. Gold has been suffering price declines as the dollar ends trade close to its 52-week high of 88.44 at 88.22.
