Prices of Real Things Rise as Dollar Teeters

Oil and gold surge, greenback loses punch

Oil, gold, and commodities in general are on the rise. This resumes the inflationary trend of the past five years. There had been a brief period of pullback in commodities as the dollar bubble expanded in the past year in a mass knee-jerk fear response to the global financial crisis. That is now over. The dollar bubble is popping even as I type. If you are fortunate enough to be holding dollars, you are now strongly advised to spend your money on something tangible. This may well be your last warning.

I confidently predict the following:

• Gold can reasonably be expected to surge to between $1,500-2,000 per ounce in 2009 and could go much higher if the dollar sh!ts the bed completely.
• Trade will be disrupted. There will be shortages of things not produced domestically.
• Any stock rally is a sucker's rally that will be undone by inflation in any case.

That's my report. Do what you will with it.
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Will analyze 4 food

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