Gold finally hit $923/ oz, an all time high, Silver about to challenge $17/ oz a historic high, oil obviously flirting with $100/ barrel, all point towards momentum in this market. Last year even grains had a tremendous run wheat up some 90% or so, corn up, soybean up double digits. It is clear that we have entered a new phase in this secular bull run in commodity prices. Staying invested in metals like gold ,sliver seems like a good bet as a hedge against inflation. Federal reserve cutting interest rate is only going to fuel this rally and threat of inflation goes up. I am wondering what would be the next target for gold. Hmm…$1200/ oz by 2010 seems like an easy target. Let’s see.

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Gold finally hit $923/ oz, an all time high, Silver about to challenge $17/ oz a historic high, oil obviously flirting with $100/ barrel, all point towards momentum in this market. Last year even grains had a tremendous run wheat up some 90% or so, corn up, soybean up double digits. It is clear that we have entered a new phase in this secular bull run in commodity prices. Staying invested in metals like gold ,sliver seems like a good bet as a hedge against inflation. Federal reserve cutting interest rate is only going to fuel this rally and threat of inflation goes up. I am wondering what would be the next target for gold. Hmm…$1200/ oz by 2010 seems like an easy target. Let’s see.