To understand today's market, it's essential to remember past performance. A one year price analysis of oil and gold/silver seem to confirm each others sentiment, a cycle of some sort in agreement -- price fluctuations of both are most similar (1, 2) to 1995. Two discrete price charts from oil and gold/silver from 30 years reference 1995 for being most similar to this year, reference chart below. The green highlight is a simulation from 1995 that is most similar to today, proceeding it, notice the pull back of gold, the spike, and finally tapering off. Oil on the other hand had a steady climb.

For oil, the price simulations historically (1994, 1990, 2000, 1984, etc.) say basically the same thing, strength in conflict. For eample, in 1995, the effects on oil prices due to the Iraq-Kuwait border confrontation was obvious, the charts explain it, as is the case now, "..followed a fairly similar pattern. Prior to a crisis, oil futures market curves generally slope upward.."

As for gold, if you referenced the prices historically (1994, 2005, 1989, 2003, etc.) -- spike on uncertainty then tappering off within a year. There were also some interesting parallels in 1995 to today, such as the I.M.F. May Sell Gold to Cut Debt Load of Poor with the recent announcement that the IMF may sell 400 tons of gold. A year later, bankers and option traders scaled down gold's price, according to this.

What is interesting, the majority of the simulations for oil and gold from sampling 30 years of data seem to compliment each other and the fundamentals.