RE: $110 a Barrel in 2012Yes, the price of all commodities and resources is going up, up, up, because the value of all Western currencies is going down, down, down.
This means we cannot afford "not" to be invested in these sectors, as a protection against the nasty inflation which we will experience. Our only hope of survival will be good quality stocks in these sectors. We have no other choice. Where else can we put our money? In a bank savings account? No way!
Make no mistake, the financial situation of all the Western economies is precarious! It's very funny to look back at the political hype of the last few years: Gold is a relic, there is no energy shortage, its different this time, we will fix things with QE, there is no inflation, there will only be deflation, we will calm the markets, etc.
Whoever said, "history never repeats itself", was wrong. Governments are doomed to repeat the same mistakes they always have. Our only mistake is if we listen to them. This time is definitely not different.