The rise and rise of gold and oil

Recent consolidation of gold prices and sliding crude-oil prices will be short-lived. Politically motivated dollar depreciation, rising US inflation, and mining-industry consolidation are expected to push gold above US$800 per ounce in 2007. And despite gathering US economic weakness, intensifying global geopolitical instability, declining natural oil production and greater output discipline among major petroleum producers will send oil prices

back above $70 per barrel.
Asia Times