Gold, Oil Both Falling?

FRIDAY UPDATE: Man after my own heart. Think he's right on.

It may be only a short-term correction, but the price of both gold and oil are falling. That could be a leading indicator of some kind of comeback for the dollar. The U.S. dollar is in the tank and needs to be resuscitated if the Republicans want to retain any chance of winning the presidential race in November.

Is Bush listening? More importantly, is McCain listening? I hope so.

Time will tell.

Related news is that oil speculation is under federal investigation as to whether it's driving up gasoline prices. Was there ever any question? That could be the reason the price of oil is falling:

"The Commodity Futures Trading Commission's announcement yesterday appears designed to put those speculators on notice and address concerns raised by Congress, saying that the investigation begun in December was prompted by "unprecedented market conditions" and is aimed at "ensuring that the markets are properly policed for manipulation and abusive practices."

Commissioners issued a joint statement pledging to "deter, detect, and punish futures market manipulation."