Rampant Speculation Taking Hold in the Oil and Gold Markets

With unprecedented federal fiscal deficits and Fed direct monitizing of the debt, the dollar is coming under increasing pressure since last March. As a result, rampant speculation is taking hold again in the oil and gold markets. Oil prices are now back up to what they were a year ago after falling to half their current levels. Forecasters are predicting $100 per barrel oil within a few months. I don't believe the utilities, consumers, or economy are ready for this, but Wall Street sure is having fun with it.