Quote:Oil futures extended their declines Thursday, sliding below $100 a barrel at times as concerns about the economy and demand for oil grew and the dollar strengthened.

Retail gas prices, meanwhile, fell further below their recent records, while diesel rose to a new record above $4 a gallon.

For a second day, the oil market appeared focused on the economy and oil's underlying supply and demand fundamentals -- factors it ignored in recent weeks while rocketing to a series of new records. However, some analysts said oil's price swoon may not last for long; most investors expect the Federal Reserve to cut interest rates several more times this year, moves that are sure to put new pressure on the dollar.

Lower interest rates tend to weaken the dollar, driving investors to commodities such as oil that they view as a hedge against inflation. A lower dollar also makes oil less expensive to overseas investors -- a trend that reverses when the dollar strengthens, as it did Thursday.

http://biz.yahoo.com/ap/080320/oil_prices.html

However gold has also fallen steep for a second straight day

GLD down 10% in last week. Just a dip and a Buy or bubble bursting?

It's just the annual spring correction--no biggie. Almost every dealer is selling out of gold and silver right now--people realize the bad shape the economy is in and are snatching it up. Ride it out and BUY BUY BUY right now. The bubble certainly hasn't burst and won't ever until the government makes some serious changes (ha!).

Keep on stackin' that Au and Ag.