is gold a goner, page-220

Gold Poised for Worst Monthly Run in 13 Years on European Crisis

Gold is poised for the worst run of monthly losses in almost 13 years as concern that Europe's fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal.

http://finance.yahoo.com/news/gold-poised-worst-monthly-run-023613332.html


Just like during the GFC people are rushing to the relative safety of the US dollar and US Treasuries.


Oil Set for Biggest Monthly Drop in Three Years on Debt Crisis

Oil was poised for the biggest monthly drop in more than three years in New York on speculation Europe's worsening debt crisis and a slowing U.S. economy will reduce fuel demand.

http://finance.yahoo.com/news/oil-set-biggest-monthly-drop-084415725.html


Smells like deflation to me.