| The Final Word by Jim Thompson |
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The death of Osama bin Laden seemed to cause a temporary drop in commodities, particularly gold and oil. However, don't count on this being long lasting. The drop in oil prices seems to have already abated and the bellwether for gold prices, the U.S. Congress, has made no progress in acting like adults. The other major component, food prices, seems to have not noticed any drop whatsoever, and with a significant chunk of the U.S. breadbasket experiencing weather angst, is not likely to do so. Also, this past week, Euro-centric countries were saying Greece, Ireland, and others might require larger bailouts than were thought just a few weeks ago. Planning for an inflationary future seems to continue to be prudent. |
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