Long term borrowing costs for Italy, Portugal, and Spain jumped Monday as investors were reluctant to lend money to the troubled countries. Portugal is in bailout mode, Italy received a credit downgrade, and Spain has a new ruling party that could derail its own austerity measures or uncover more debt problems. Goldman Sachs also might have called a bottom in commodities after it revised its outlook upwards for oil. Although, its gold and silver price targets were unchanged at $1,690 and $28.20, respectively. Morgan Stanley increased its oil price forecast by 20%. The bullish sentiment helped drag all commodities higher. A wild card for all commodities, however, is growth in China. Goldman slashed China's 2011 and 2012 growth forecast to 9.4% and 9.2%, respectively. If the country slows too much there won't be enough money to buy goods, from commodities the country actually consumes to gold, which is bought as a store of wealth. Goldman said China's inflation will fall to 4.7% in 2011, it is currently at 5.3%, and to 3% in 2012.