The government's measure of consumer prices, the CPI, jumped 4.1% in June (over last year), the highest official rate of inflation since 1991. As the government steals your savings and lowers your standard of living via its massive, unfunded bailouts of banks and mortgage lenders, just remember that since the resulting inflation – the real price of socialism – doesn't appear on any ledger, it doesn't really count...
Well, this is America. Our politicians are fabulous at spending our money. They're not nearly as proficient at raising the revenues they require. What happens when politicians promise a whole lot more than they can possibly deliver? More inflation is on the way, you can bet on it.
So as oil declines the commodity buble appears to be coming down. That is a temporary event. Remember gold follows inflation. Oil drives inflation. So the time lag is aboout a year and in the next month gold and silver will bottom and then start to take off.