Gold has hit $1,000 today, one of our key predictions for events that would happen this year. With the dollar falling in value you would expect nothing less and also it is of note that oil is no $110 a barrel.
To think 10 years ago oil was just $18 a barrel!
What we are seeing is the huge inflationary effects of the Fed and other central banks printing money to create liquidity in the fight against the credit crunch. how this squares long term with large reductions in interest rates is beyond me...unless we are doomed to follow the Japanese deflationary model.