Looking back 6 months ago

The price of crude oil continues to climb higher as retail gas price is heading toward $4 per gallon. Meanwhile, gold price is hitting new well as it closes gap to $1500 per ounce. Those were my predictions for end of June 2011 I put out to my friends in a discussion during Thanksgiving of last  year. Those forecasts turned out to be reality now and it's only mid-April. The figures hit sooner than expected. What is happening did not surprise me a bit at all that these are the direct results as moving toward end of QE2. Bernanke is in a hot seat right now. Either he chooses to launch QE3 or completely pull out and start raising interest rates, we will all have to suffer regardless.