It seems to me from [this chart](https://www.tradingview.com/x/sfbbYnh1/) that:
1. Oil companies (XLE, candle chart) are not a good long-term hold. Only during the first decade of this century did they do better than gold. They never do better than spot US crude itself.
2. You can make a lot more money trading crude (red line), but you can also lose a lot more.
3. Gold (purple line) is the best long-term hold.
Am I wrong?
