Gold has had this ridiculous return. Gold has got this huge amount this year... I still think that gold has a place in a portfolio. Sees gold as portfolio hedge amid fiscal distrust; silver's 100%+ rise signals speculative frenzy but also continued metals strength.

The one thing that's not inflating seems to be crude oil... the price of oil is has been gradually declining for quite some time now and it seems to be a forecast by the shape of the oil futures curve to be in the high 50s for the next 12 months. Oil futures curve forecasting high $50s, gradual decline continuing, positive for inflation control.

The rise in long-term interest rates is not just a U.S. phenomenon. It's happened in all developed countries... I believe that's just a global phenomena in the developed world certainly that people don't trust the way these finances are being handled. Concerns about Treasury interest expense, budget deficits during expansion, and global fiscal distrust driving yields higher.