The general markets are taking a drubbing from subprime, and the gold miners have been consolidating:

Here is the GDX gold miners index.

The GDX was at 40 in previous years, and is consolidating at 45-50 now. I am perfectly happy with a price floor being built.

Oil has been nearly constant in euros, as opposed to dollars, so oil up makes more sense than the "low" price of gold. Gold has recently been declining in price, in yuan and euros.