Oil/Gas at new highs of 135+ should wake people up... summer's not even in full swing yet!
I have to agree with McDick here... the essentials : transportation (airline/gas), food, fertilizer are at an all time high. (POT is at $200/share from 60!) Longterm wise, monetary system can't keep up with all this rising commodity. Printing money won't help with the growing deficit... M3 figures aren't even being released anymore. (
http://www.federalreserve.gov/releases/h6/discm3.htm)
Keep in mind the gov can print money like paper. Its a frightening thought!
Golds at 135, those who listened to McDick last week wouldve had a nice gain yesterday!