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Relax folks. By the time New York gets online, it'll drop again below $600, as wise and prudent spokesmen in the US and UK bring sanity back to the markets inflamed by know-nothing Asian PM buyers, and they will again tout the wonderful health and vitality of US real estate, general equities, derivatives and bonds.
So wise are our Central Bankers that they no longer need to report M3. The people trust them to maintain endless liquidity, and overcome all manner of economic unpleasantness. So, please stay away from gold and silver.
(Full Disclosure: I haven't bought enough yet, and wanna buy a heckuva lot more - before they go parabolic).
oil and gold is running up because of oil country saber rattling.
But inventories are high - high enough to take a hit from the loss of Iran. Don't forget, Canada has become the largest supplier to the US.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=82189&version=1&template_id=48&parent_id=28
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And my plan would have worked, if it weren't for those meddling kids!