Gold isn't the only commodity getting crushed this year; crude oil is also taking a hit as the US dollar appreciates in value. We trade oil using the iPath S&P GSCI Crude Oil TR Index ETN (OIL) and not only is it down -6.75% year-to-date, it's down nearly -20% over a one year period. Energy is taking it on the chin this year and while it might be a bane for the energy companies, lower prices at the pump are welcomed by commuters worldwide. Lower oil prices help drive consumption which in turn drives global growth.
