Friday, May 22, 2009
Gold and Oil Continue Their Rally
The dollar continues its fall and commodities rise as a result. This may very well be a contradictory economy...on the one hand, we have a weakness in demand and on the other hand, commodity-based inflation driven by the federal debt. But then again, oil came down off of its high of nearly $150 a barrel last summer as a result of the credit crunch and the corresponding drop in consumer purchasing power, so I don't expect whatever inflation may come along to last that long.
Posted by John L. Feier at 1:23 PM