[DivaDelMar]

Hmmm......ok......so why is the price of gold at about $800 / oz?

Why is the price of oil at about $90?

Where’s M3?

Me thinks they doth protest a bit too much.

[Zhang Fei]

Hmmm......ok......so why is the price of gold at about $800 / oz? Why is the price of oil at about $90? Where’s M3? Me thinks they doth protest a bit too much.

They are at record highs in every currency. These things go through cycles. One observer has speculated that the Chinese are speculating in commodities, by building up huge long positions. It kinda makes sense - for a while they tried short positions and lost a bunch of money. Maybe they figure they'll do better on the long side.

[shrinkermd]

Regarding Gold: Please look at the chart for spot gold x 10 years and against major currencies. Note that all currencies have been mirroring the rise in gold. That is, all the currencies have been losing value vis a vis gold. The chart is: HERE.

You must hit the top of the graph for the time period.