This hissing sound is normal. The clank sound is not. Could be the CV joint (most likely) or the upper or lower control arm. A 4-wheel alignment should be around $100.

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2003 3.0i White/Black 5 speed Manual.
Options: PP, SP, DSP, NAV, XENON.
Mods: Aluminum Running Boards, 4.6 Body Kit, 20" Style 132 Wheels, Eisenmann Sport Exhaust with Oval tips, Aluminum pedals, Xenonmatch Fogs, M3 Steering Wheel.

Can I have a sip of that HATERADE you're chuggin?