20 Oct 2009 - The risks of rising inflation in the next few years have risen. Oil prices are now near US$80; Gold Prices hit above US$1,060, Silver Prices at US$17.80...

If Oil prices continue to go up, it might derail Global Economic Recovery, in my opinion, the risk of a double-dip recession in Year 2010 or even 2011 has risen.

Regards.

Dennis Ng, http://www.MasterYourFinance.com

NEW YORK (AP) -- Oil prices jumped above $79 a barrel to a 2009 high on Monday before falling back as investors looked to U.S. corporate earnings this week for signs consumers may be regaining confidence.

Benchmark crude for November delivery traded up 18 cents at $78.71 on the New York Mercantile Exchange by midday. The contract added 95 cents to settle at $78.53 on Friday.

Because oil is bought and sold in dollars, crude essentially becomes cheaper for global investors and there has been a run recently on the Nymex.