Funny noise from engine?

Okay so my 1995 Nissan pathfinder stated making a funny noise last week.
At first I thought I burned the tranny up.
But now I dont think so.I played around in the Wal-Mart parking lot for a hour and I notice my power steering fluid was a little low.But it doesnt make the noise when I turn the wheel.The noise by the way is a louder squel(but not like alt bearings)It does it when ever the engine is running no matter the gear.Also the trannys a auto and the engine is the v-6.Then I went looking at the belts.I noticed that the power steering belt was hot to the touch and it left melted rubber on my hand(I'm pretty sure this is the problem).So I attached it with Belt Dressing and it stopped for about 5 seconds.So now I was pissed and went home.To day I lossend the belt and its worse.The belt is a good year Gater back by the way.So I'm thinking its the belt.The belt was new(yeah I dont think so...screwed again) about 10,000 miles ago when I had new cam seals and timing belt installed.
So y'all think the belts bad or could it be a bearing.Also it took me 30 minutes to figure out how to loosen the belt to beginning with(god I love Shushi power ).The belt also wasnt lose to begine with.I'm confused and cant wait till summer so I can drive my 'maro again.
I would love any help on the subject.  
Dying ain't much of a livin'
From my favorite movie.
Trucks...
1989 150(200k) 33 inch hawgs and a blown 302.
1995 Pathfinder(178k)and still going with 31s.
Bikes.
2004 Yamaha TTR 225,barly used.
Kawasaki 750 (26k) Not ran right since carbs rebuilt.
!972 Yamaha mini enduro.The niceest one I've ever seen thats never been painted.
New 2002 f150,fx4,5.4v8,after market tranny coolers and unirol tires.

Belts don't just melt, that's not the problem, my money is on PS pump/pulley.  
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Okay now the noise has gotten louder then hell but it comes and goes now.Any ideas?
Also it started coming and going after I hit a big puddle?  
Dying ain't much of a livin'
From my favorite movie.
Trucks...
1989 150(200k) 33 inch hawgs and a blown 302.
1995 Pathfinder(178k)and still going with 31s.
Bikes.
2004 Yamaha TTR 225,barly used.
Kawasaki 750 (26k) Not ran right since carbs rebuilt.
!972 Yamaha mini enduro.The niceest one I've ever seen thats never been painted.
New 2002 f150,fx4,5.4v8,after market tranny coolers and unirol tires.

Never mind it was the A/C belt.  
Dying ain't much of a livin'
From my favorite movie.
Trucks...
1989 150(200k) 33 inch hawgs and a blown 302.
1995 Pathfinder(178k)and still going with 31s.
Bikes.
2004 Yamaha TTR 225,barly used.
Kawasaki 750 (26k) Not ran right since carbs rebuilt.
!972 Yamaha mini enduro.The niceest one I've ever seen thats never been painted.
New 2002 f150,fx4,5.4v8,after market tranny coolers and unirol tires.

yeah man i had the same problem in my 95 nissian pickup? everytime it got wet it would squeel like no other? i finally figured out the problem when the bell finally broke? but it:s all good now. good luck man