citigroup says gold could rise above $2000, page-10

KS
I fully support your sentiment. My conclusion is that real consumption was not the cause of the peak prices but rather speculation. And the people shouting $200 bbbl oil at the time had their own agenda, these so called experts I do wonder who paid them. At the time it was all 'peak oil' 'global deficit of food commodities' etc etc.

So right now I conclude that the worlds commodities have been sold down by the same hedge funds, below the level that decreased real demand should take them.

I take no notice of what experts say. The best example in my own area are the ratings agencies- Moodys, S&P who gave AAA ratings to the debt paper that was secured by subprime loans/securities.

What credibility do these guys have? Why does anyone still take notice of them?