1. The big run up on Gold and Silver the past several months has been the "fear" trade pushed by the likes of Glenn Beck ad nauseum. That was a bubble just waiting to be popped and it will disproportionately hurt the teabaggers who bought into the fear that was being sold in Beck-istan.
2. Oil prices dropping means that gas prices will drop in a week or so.... taking one of the GOP's main anti-Obama talking points off the table .... and... making life a little less scary for the poor and middle class this summer.
But really... seeing all the teabaggers panicking right now and trying to unload their gold and silver while they can is hilarious.
It will drag the overall market down a little bit, but it will strengthen the dollar and that will be worth it.
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