Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

Depends on what year

July 87, Gold @ 910, Oil @ 40
http://www.macrotrends.net/1334/dollar-gold-and-oil-historical-chart

Gold/Oil correlation is not historically conclusive enough to be objective, but I do not disagree that the entire commodities complex will be under deflationary pressure and Gold will likely end lower in 2015.

The historical difference between now and then is global yield rates are all on a path to zero or negative yields. ZIRP alone could put a floor in gold. I wouldn't be surprised to see gold 1300 before 1000.