Historically, they relate. Oil HS right shoulder completes (or not), doesn't matter, the FED need inflation, the world needs inflation, the deflation war is raging, and we just don't feel it here yet. Gold will bounce first as a safe haven when USDJPY falls with the markets. Oil will follow soon enough, and Gold has preceeded commodity bottoms. Gold could see a solid double bottom to confirm, or just head higher from here and not wait for it, same with oil. Desperate times call for... Dollar falling will help the big caps, and international trade, and everything US. But not in time for 3rd qtr earnings to make this market fall hard. When Gold breaks through that 200 day MA, its off to the races. BTW, oil staring at breaking though its 200 day ma, and USDJPY and spx500 all fighting and failing to break through theirs, finding them ultra resistance.