By MICHAEL M. GRYNBAUM
New York Times
Published: March 20, 2008
The prices of oil, gold and other commodities continued to plummet around the world on Thursday, a retreat from a months-long price run-up that may offer consumers a reprieve from inflation.
In less than 36 hours, crude oil and gold have fallen almost 10 percent from their Tuesday highs. Gold, which recently crossed the $1,000 mark, slid to nearly $900 a troy ounce in overnight trading. Futures contracts for crude oil were trading below $100 for the first time in more than two weeks ... Read the Entire Article
Publisher's Note: If anyone out there reads this article and thinks the dollar really gained from the Fed's decision to cut the key lending rate by 3/4 percent instead of a full percent, rest assured the dollar is far too burdened by long term debt to gain anything accept more cheap makeup. If you are invested in value-retaining commodities like gold, don't panic and stay tuned as the wild ride continues.
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