No, bitcoin doesn't trade like a commodity, a currency or a bond, it just does what it wants!

America strangely seems to be moving away from Israel at the moment.  I think it will only last until the next election, when someone who is more pro-Israel gets in.  In the meantime it'll be interesting to see what Israel does when Iran is allowed to trade freely and expand it's local power base. 

I think the whole oil situation at the moment might be part of the Saudi/Iranian game.