[ThePythonicCow]

Hillariously, the next step is the popping of the oil and gold bubbles. As much as I hate to say it, I’m going to enjoy watching the goldbugs here get what’s coming to them.

Well ... that was my take as well. I sold all my gold stocks today.

[dennisw]

Well ... that was my take as well. I sold all my gold stocks today.

Gold moves with oil these days. 

My logic for dumping oil would be that hedge funds have are responsible for 20-30$ of oil's price. That hedge funds are not able to borrow like crazy anymore due to general drying up of credit. Hedge funds have "liquidity" problems and margin calls and are forced to dump oil positions