Crude Oil Prices hit a record high of 70 Dollars a Barrel

crude Oil Prices Trade Above $70 To Close around 67 dollars a barrel , Oil prices explode again this past trading session amongst fear of hyperinflation the collapse of the dollar , China dumping massive amounts of dollar bills on the commodities and especially crude oil market and the arriving of the summer season which usually knows an increase in oil consumption...experts are reluctant in linking the soaring oil prices to the bottoming of the depression or a hypothetical economic growth...

the Gold continues its rally amongst weaker dollar and exploding oil and commodities prices

Oil, copper, platinum, gold, silver lead the gains in the hope that demand will rise as the global economy recovers. Prices have rise in the commodities index by 13% in May, biggest monthly gain in 34 years.it is time to buy the dollar as the dollar bottoms now said expert , the commodities continue their rally , the commodities index is up by 13 percent that's the highest monthly gain in 44 years , China obviously is behind this gold and commodities rally as it is trying to that its massive reserves of US dollars into the commodities market ...

US Stock markets soar this week despite the depression

US stock markets climb this week and Fed Chair, Bernanke warns large budget deficits threaten global economy. Treasury yields surge again
the DOW Jones is up , NASDAQ is up cruse oil future jump to record high , the barrel of oil is about 70 dollars this morning , a report from Goldman Sachs says the oil prices could hit 85 dollars a barrel by the end of the year , the bullion market is stable today due to the rise of the dollar, gold prices are now around 960 dollars an ounce . US consuming spending fell in the US for the second consecutive month , the unemployment rate rose to more than 9 percent