We had another good week for gold last week, as it climbed momentarily above $1,150 an ounce. The strength and speed of this move is surprising even me. They say the hardest thing about riding a bull market is staying on. The bull will always try to throw you off. There are many who have not been as exposed to this move as they would have liked. Some have missed it altogether.

In a recent report, Marc Farber, the publisher of the Gloom, Boom & Doom report, highlighted the negative correlation between equity investment and cash deposits – especially foreign currency holdings. He claims that if the dollar falls, equities will soar. And so far he’s spot on. The greenback has slid 4.9% against a basket of six major currencies this year. The 19-commodity Reuters/Jefferies CRB Index climbed 10%.

“The spring has sprung, the grass is rizz, I wonder where them birdies is?” This was Ashburton MD, Peter Bourne’s reply when Leon Kok asked how the markets are fairing. There’s no question that the second and third quarters of 2009 have seen fantastic growth in markets across the globe.

Twenty years ago...the Berlin Wall came down. This marked the end of the greatest controlled experiment in economics ever conducted. What did economists learn?