http://www.gold-speculator.com Gold Speculator - Investing in Gold, Silver and Commodities en http://www.gold-speculator.com/images/header_03.jpg http://www.gold-speculator.com http://feedproxy.google.com/~r/gold-speculator/fejA/~3/3yE-M212wXE/showthread.php [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] I will get some more details on the Commitments of Traders report later this weekend but wanted to get a graphic up to show just how strongly speculative sentiment here in the West has turned against gold (no doubt that is every bit tied to the bubble in the equity markets, courtesy of the Fed). You can more or less see the sentiment towards gold by looking at the upper solid dark blue line which dates back to 2006. It rises and falls along with the actual price of the metal. Can you see what direction that line has taken since late 2012 when gold was priced near $1765? It has been steadily declining with a few upward blips. That indicates the outflow of speculative money from gold which as we all well know by now, has been heading into equities in search of yield. Incidentally, you can see the same thing in the gold ETF, GLD, with the steady drawdown in the amount of metal in its holdings. ... Sat, 25 May 13 08:30:15 -0700 http://www.gold-speculator.com/showthread.php?t=84990 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/jMQ18ay-E6g/showthread.php [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Please click on the following link to listen in to my regular weekly radio interview with Eric King over at the KWN Weekly Markets and Metals Wrap. [URL]http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/5/25_KWN_Weekly_Metals_Wrap.html[/URL]... Sat, 25 May 13 07:20:31 -0700 http://www.gold-speculator.com/showthread.php?t=84989 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/QUm18tPtxNY/showthread.php May 24, 2013 11:59 AM - Germany's push for wind and solar and its retreat from nuclear power is driving electricity costs to untenable levels and destroying support for the green agenda, the International Energy Agency (IEA) has warned. Read the full article at the Telegraph...... Fri, 24 May 13 22:40:09 -0700 http://www.gold-speculator.com/showthread.php?t=84988 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/yZCFu2wsgcM/showthread.php Why? First, the 20-year Highly Enriched Uranium (HEU) Program agreement between the U.S. and Russia, aka "Megatons to Megawatts," expires this year. Second, the end of that program will allow Russia to sell its coveted uranium, which currently powers one of every 10 homes in the U.S., to the highest bidder. With 200 nuclear power plants under construction or on the drawing boards, China is likely to be first in line, with India and even oil-rich Saudi Arabia on its heels. Third, the increase in nuclear plants being built around the world will stimulate huge demand while supply inevitably dwindles. Because it can take a decade to bring a uranium mine on-line, new mining production can't grow fast enough to meet the demand. Fourth, like it or not, nuclear energy is clean—while the average coal-fired power plant in the U.S. emits nearly 4 million metric tons of CO2 each year, nuclear power plants emit no carbon dioxide, sulfur dioxide, nitrogen oxides, mercury or other toxic gases. Fi... Fri, 24 May 13 14:33:20 -0700 http://www.gold-speculator.com/showthread.php?t=84986 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/f95s9Ft8Xi4/showthread.php The Gold Report: Some recent headlines from The Equedia Weekly Letter include "A Scary Prediction," "Prepare for a Crisis," "A Nuclear Threat" and "A Shockwave Is Coming." Should investors be fearful, or does fear help sell your newsletter? Ivan Lo: Fear helps sell the newsletter but not necessarily in the way you've worded it. Where there's fear and concern people go looking for answers, and we try to provide them. There's a lot of fear and concern right now—war with Syria in western Asia, nuclear threats from Korea, tensions between Japan and China, tension with China invading India's territory. These situations affect our safety and our financial well-being. I think investors should be educated. If people are educated they are more prepared and don't feel the need to be fearful. Too many people in North America live inside of a small little box and have no idea what's going on around them, let alone in the world. TGR: In a recent newsletter you wrote, "When you consider that we'... Fri, 24 May 13 12:18:13 -0700 http://www.gold-speculator.com/showthread.php?t=84985 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/2tbUd6N7tm0/showthread.php Dear Reader, Vedran Vuk here, filling in for David Galland. With Japan selling off more than seven percent the other day, the real news stateside wasn't what happened, but rather what didn't. We're still here, and our portfolios live to grow another day. In fact, by the closing bell on Thursday, the S&P 500 was down only 0.29%. During the 2008 crash and afterward, it seemed that all of the world's economies were joined at the hip – the slightest disturbance in a peripheral country such as Greece or Portugal would send markets around the world reeling. Of course, we're never going to be completely independent of world events, but nonetheless, the relative calm following Japan's drop was certainly a silver lining to the event. We saw a major market get crushed, yet we barely suffered a scratch on the sidelines. That certainly makes me sleep a little better at night – especially considering that's when Japanese markets are open. Speaking of th... Fri, 24 May 13 12:18:13 -0700 http://www.gold-speculator.com/showthread.php?t=84984 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/zh0eyVFY7oE/showthread.php May 23, 2013 11:53 AM - Global markets face a witches' brew of new risks as Japan's monetary adventure wobbles and China slows. Read the full article at the Telegraph...... Fri, 24 May 13 10:33:22 -0700 http://www.gold-speculator.com/showthread.php?t=84983 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/sMfP6aJwdK0/showthread.php Dear Reader, Vedran Vuk here, filling in for David Galland. With Japan selling off more than seven percent the other day, the real news stateside wasn't what happened, but rather what didn't. We're still here, and our portfolios live to grow another day. In fact, by the closing bell on Thursday, the S&P 500 was down only 0.29%. During the 2008 crash and afterward, it seemed that all of the world's economies were joined at the hip – the slightest disturbance in a peripheral country such as Greece or Portugal would send markets around the world reeling. Of course, we're never going to be completely independent of world events, but nonetheless, the relative calm following Japan's drop was certainly a silver lining to the event. We saw a major market get crushed, yet we barely suffered a scratch on the sidelines. That certainly makes me sleep a little better at night – especially considering that's when Japanese markets are open. Speaking of th... Fri, 24 May 13 10:04:47 -0700 http://www.gold-speculator.com/showthread.php?t=84978 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/rxzskw5ACD8/showthread.php May 23, 2013 11:53 AM - Global markets face a witches' brew of new risks as Japan's monetary adventure wobbles and China slows. Read the full article at the Telegraph...... Thu, 23 May 13 22:28:12 -0700 http://www.gold-speculator.com/showthread.php?t=84977 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/RFWRgs1wcWo/showthread.php The Life Sciences Report: Dr. He, you are a senior equity analyst covering biotech in the U.S. and China. Which companies in the space are you excited about? Echo He: Galena Biopharma Inc. (GALE:NASDAQ). is a $216 million ($216M) market-cap company and is trading at less than $3/share. The company's lead drug candidate, NeuVax (nelipepimut-S or E75), a cancer vaccine, is already in a phase 3 trial. It does not have a pharmaceutical company partner. I want to talk about the drug, but I also want to address why the stock is trading at a relatively low level. After patients are diagnosed with breast cancer, they go through standard-of-care therapy—surgical resection and then radiation and chemotherapy. Then laboratories confirm they are cancer free. Between that time and the time of breast cancer recurrence, quite a large portion of patients don't receive any treatment at all. NeuVax is designed to work in the period after standard therapies and before the cancer recurs. The vaccine is ... Thu, 23 May 13 18:02:22 -0700 http://www.gold-speculator.com/showthread.php?t=84975 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/Acxme_aon4o/showthread.php courtesy of DailyFX.com May 23, 2013 02:52 PM Weekly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? Commodity Analysis: Gold didn’t quite trade to new lows but silver did on Monday. Non-confirmations (divergences) of price extremes between related assets often mark market turns or at least the beginning of a reversal pattern. Gold’s low was also at a downward sloping trend channel. It’s best to turn neutral. Commodity Trading Strategy: Flat LEVELS: 1307 1322 1354 1420 1439 1470... Thu, 23 May 13 18:02:22 -0700 http://www.gold-speculator.com/showthread.php?t=84974 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/t9Mgxp3TpM8/showthread.php By Doug Hornig, Senior Editor A little over a year ago in this space, we called your attention to a developing situation in the pharmaceutical industry, as shown by the chart below that dramatically illustrates the arrival of the so-called "patent cliff". Today, the results are in from 2012. The IMS Institute for Healthcare Informatics has released its annual survey of the US drug market. It found that the market shrank last year for the first time ever. Specifically, nominal drug spending in the US declined by 1% in 2012, to $325.8 billion. Real per-capita spending dropped even more, by 3.5% to $898. Branded drug spending dipped by $11.4 billion, to $230.2 billion. Generic drug makers, as you would expect, were the beneficiaries here. Generics were used for a full 84% of dispensed scripts, with overall spending on them growing by $8 billion, not quite offsetting the diminishing dollars spent on branded meds. This spending slide had the predictable consequence of slamm... Thu, 23 May 13 12:04:58 -0700 http://www.gold-speculator.com/showthread.php?t=84973 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/1HbmqSQkDZY/showthread.php Many have seen the future and invested in gold and silver to preserve and protect their finances, much like an insurance policy. Unfortunately, all they see are downtrends, unreliable economic statistics that do not match reality and managed markets such as interest rates, bond markets and the S&P500. Regrettably, investors tend to extrapolate unfavorable current conditions into the future and ignore overlooked fundamental changes that may affect that outlook. This is the fatal flaw of that logic. Price direction, standards and fundamental conditions do change over time, as they will do here. Today we have fundamental situation where fiscal sanity is forgotten, constitutional freedoms are eroded and common sense is ignored. Virtue, ethics and integrity are a distant memory from the past. In this setting, Gold is also seen as a relic of the past, not as a financial foundation for the future. Day of Decision [CENTER] [/CENTER] A time frame for this event was s... Thu, 23 May 13 10:20:10 -0700 http://www.gold-speculator.com/showthread.php?t=84966 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/pI4Ez8MrfXc/showthread.php By: Peter Schiff Thursday, May 23, 2013 While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign rivals, and to economic growth, by fighting deflation. On the other side of the coin, they believe a strong currency is an economic albatross that leads to stagnation. But the demonstrable effects of currency strength and weakness reveal the emptiness of their theory. A country that attracts investment from abroad (through stable and fair governance, low taxes, a growing economy, and a productive labor force) and produces goods that are in demand on the global stage will generally see a rising currency. In essence, this is the reward for a job well done. Strong curren... Thu, 23 May 13 10:20:10 -0700 http://www.gold-speculator.com/showthread.php?t=84972 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/X_oJkMTOVEU/showthread.php The Energy Report: Are we truly facing peak cheap oil with all the easy stuff already out of the ground? Why is oil still at $95 per barrel ($95/bbl)? Matt Badiali: The main reason we're still at $95/bbl, with demand falling and production rising is exports. It's been illegal to export crude oil from the U.S. since the '70s. However, refiners have gotten around this rule by exporting "finished products" like gasoline diesel fuel, for example. Remember, Europe and Asia are paying a lot more per barrel than we are. Our refined goods can be economically put on a ship and sold competitively in those markets for a lot more money than they can get here. One of the reasons that this is big business is that we've dramatically increased the amount of oil that we're producing at home. The secret is about half of that oil isn't what we consider crude oil—it's natural gas liquids. It can legally be sent out to other markets because it's not crude oil. Let me give you an example. Mexico has co... Thu, 23 May 13 10:01:23 -0700 http://www.gold-speculator.com/showthread.php?t=84965 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/j412WwIg9QQ/showthread.php May 22, 2013 12:01 PM - The stock of capital flowing into emerging markets has doubled from $4 trillion to $8 trillion since the Lehman Crisis, chasing a catch-up growth story that looks tired and has largely sputtered out in Brazil, Russia and South Africa. Read the full article at the Telegraph...... Wed, 22 May 13 22:05:37 -0700 http://www.gold-speculator.com/showthread.php?t=84964 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/dlhruAnU3ko/showthread.php courtesy of DailyFX.com May 22, 2013 02:09 PM Weekly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? Commodity Analysis: Gold didn’t quite trade to new lows but silver did on Monday. Non-confirmations (divergences) of price extremes between related assets often mark market turns or at least the beginning of a reversal pattern. Gold’s low was also at a downward sloping trend channel. It’s best to turn neutral. Commodity Trading Strategy: Flat LEVELS: 1307 1322 1354 1420 1439 1470... Wed, 22 May 13 21:50:51 -0700 http://www.gold-speculator.com/showthread.php?t=84961 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/CRRR6HIGujM/showthread.php [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] It appears as if the globe is convinced that any economic recovery is going to begin here in the US first. It certainly is not going to be Europe that is leading the way. Data from China continues mixed while Japan is gaining traction at the expense of their currency. That leaves many investors from abroad looking to put their risk capital to work in the US equity markets. That is creating strong demand for Dollars with which to buy boatloads of US equities. You can see the effects of this in the dollar chart. Note this is a weekly chart I am using. As it now stands, the Dollar is on track to make its SECOND and a CONSECUTIVE WEEKLY CLOSE above key resistance at last year's high just above 84.40 or so. It has already cleared the important 61.8% Fibonacci retracement level of the entire sell off from the double top back in 2010. The last barrier from a Fibonacci retracement theory level it ha... Wed, 22 May 13 18:56:01 -0700 http://www.gold-speculator.com/showthread.php?t=84960 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/0UprMNpk9Pk/showthread.php [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Keep an eye on the yield on the Ten Year Treasury Note. It is back above the key 2% level once again. The rate peaked for this year about 2 months ago in mid March before moving lower. At that time it was a tad above 2.05%. Rates have moved 40 basis points higher in a month's time. That is quite rapid. I find today's movement a bit peculiar to be honest because it came against the backdrop of an equity market that had first made a new all-time high before reversing lower later in the session. One becomes accustomed to seeing money flows out of bonds and into stocks and therefore, when stocks are being sold off and bonds also are being sold off simultaneously, it is a bit out of the norm. Let's see where this thing goes tomorrow and the remainder of the week. Incidentally, I wrote up some comments on today's price action for Eric King over at King World News. Check in there to find them a bi... Wed, 22 May 13 17:45:46 -0700 http://www.gold-speculator.com/showthread.php?t=84959 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/1t0cqi9C06Y/showthread.php With the US stock market grinding to new nominal highs on what seems like a daily basis, you might be wondering: where'd all the fear go? Just a quarter or two ago, it was cool to be a bear. Analysts were citing a high unemployment rate, weak GDP growth, and swelling debt as just a few of several albatrosses that would prevent the economy from taking off anytime soon. Fast forward to today, and the bears are in hibernation. The same economic drags persist, but for some reason, most analysts are no longer worried about them. Unless you actively seek out contrarian viewpoints, you're likely to hear all good news all the time. Maybe the best way to understand this abrupt about-face in sentiment is through the prism of a childhood game: Jenga. If you're not familiar with Jenga, play begins with a sturdy column of wooden bricks stacked to form a vertical tower. Players take turns removing one block from near the foundation of the tower and placing it on the top. The goal i... Wed, 22 May 13 13:41:10 -0700 http://www.gold-speculator.com/showthread.php?t=84958 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/x57sb7pulPY/showthread.php The Gold Report: Maria, in April Eric Sprott sold more than $45 million ($45M) worth of units in the Sprott Silver Physical Trust. A spokesperson told Canada's Globe and Mail that the sale was needed to cover charitable obligations and to buy shares in silver mining companies because Mr. Sprott believes silver equities will outperform the metal in the next rally. Can you fill in the details on that thesis? Maria Smirnova: We believe in the equities—for any commodity—for several reasons. Equities represent a leverage play on the underlying commodity. To use a simple example: Assume Company X can earn $5 when the silver price is $25/ounce ($25/oz). If the silver price increases 20% to $30, that extra $5 goes directly to the bottom line. This doubles the company's profits from $5 to $10. The silver price increases 20%; the profits rise nearly 100%—that is what I call leverage. In addition, mining companies benefit from production growth through exploration or acquisition. We look for co... Wed, 22 May 13 11:34:41 -0700 http://www.gold-speculator.com/showthread.php?t=84957 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/dBmKNRUibDw/showthread.php I am often on a panel or at dinner with Barry Ritholtz (The Big Picture), and he will remark, "I am going to have to rethink my position – I agree with John, and that can't be right." While I don't share that bias, I do agree with Barry about his recent take on legislation – which might actually pass – that would deal with too-big-to-fail banks in the US. Barry's latest take on that issue is this week's Outside the Box. I have not written all that much on the topic lately, other than to say that Dodd-Frank was designed by big banks for big banks – the best legislation they could buy, I have been very critical of allowing too-big-to-fail banks to put taxpayers at risk, and I don't think it should ever be allowed to happen again. Dodd-Frank did not deal with that. There is bipartisan legislation making its way through Congress that is a huge step in the right direction. The Senate passed it 99-0. Barry explains it below. Both as a taxpayer an... Wed, 22 May 13 10:02:29 -0700 http://www.gold-speculator.com/showthread.php?t=84953 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/qsBEgMRdJ9E/showthread.php The study of crowds has always fascinated people in finance. It’s not hard to understand why. Markets can go to crazy extremes, extremes no one can make sense of. So, one favorite way to explain it away is to say that crowds do dumb things that individuals, upon cooler reflection, would never do. In a sense, a crowd become its own kind of organism — stupid, clumsy, emotional, etc. This is basically the thesis of a longtime classic of the genre, The Crowd: A Study of the Popular Mind by Gustave Le Bon (1841-1931). The book came out in 1895. It seems to never be out of print. Financial people love to quote from it, probably because it flatters their worldview. If you have unpopular opinions, Le Bon makes you feel as if you are above the rabble. I have a copy of the book, and it is still a pretty good read. If you’ve never read it, you probably should get a copy and give it a go. It is mildly stuffy in the way 19th century books are stuffy. It is certainly not politica... Wed, 22 May 13 08:53:31 -0700 http://www.gold-speculator.com/showthread.php?t=84952 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/aihpfvuBCWM/showthread.php courtesy of DailyFX.com May 22, 2013 02:01 AM Gold may rise on recovering anti-fiat demand as minutes from the last FOMC meeting and Ben Bernanke’s testimony dent bets on a reduction in the size of QE3. Gold may rise on recovering anti-fiat demand as minutes from the last FOMC meeting and Ben Bernanke’s testimony dent bets on a reduction in the size of QE3. Talking Points [LIST] [*] Gold, Silver May Rise as Bernanke, FOMC Minutes Support QE Status Quo [*] Crude Oil, Copper Wait for Risk Sentiment to Weigh Up Fed Policy Outlook [/LIST] The spotlight remains on Federal Reserve monetary policy as Chairman Ben Bernanke testifies before a joint Congressional committee on the outlook for the US economy. Later in the day, the central bank will also release minutes from the April/May FOMC meeting.Markets will be keen to parse commentary for clues about a possible reduction in the size of monthly asset purchases. While the Fed is not in close proximity... Wed, 22 May 13 04:18:21 -0700 http://www.gold-speculator.com/showthread.php?t=84951 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/aKgo7SHu12U/showthread.php May 21, 2013 10:09 AM - The curse of hedging that blighted gold in the 1990s is making a comeback. Read the full article at the Telegraph...... Tue, 21 May 13 22:02:12 -0700 http://www.gold-speculator.com/showthread.php?t=84950 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/prKGqfVVg1o/showthread.php courtesy of DailyFX.com May 21, 2013 02:57 PM Weekly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? Commodity Analysis: Gold didn’t quite trade to new lows but silver did on Monday. Non-confirmations (divergences) of price extremes between related assets often mark market turns or at least the beginning of a reversal pattern. Gold’s low was also at a downward sloping trend channel. It’s best to turn neutral. Commodity Trading Strategy: Flat LEVELS: 1307 1322 1367 1420 1439 1470... Tue, 21 May 13 20:04:31 -0700 http://www.gold-speculator.com/showthread.php?t=84948 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/cZeuWjlkvaE/showthread.php By Marin Katusa Over the past month, gold has seen a considerable decrease in price, dropping almost 15% since the beginning of May. If this trend continues, gold will have its first losing year since 2000. This has led many investors, from the housewives of China to the bankers on Wall Street, looking for a bargain in gold prices. However, what they don't realize is that there is already a bargain available – in uranium. Despite being the source of 20% of electricity in the United States and 35% in the EU, its price remains at multiyear lows. Yes, gold has dropped a lot in the past month, but an ounce of gold can still buy almost 35 pounds of uranium at today's prices – that's much more than the historical average of 22 pounds. In fact, back in 2007, an ounce of gold would only net you about five pounds of uranium. What does this mean? If you consider paper fiat money to be worthless and gold as real money, then the fact that you can buy more of uran... Tue, 21 May 13 14:12:24 -0700 http://www.gold-speculator.com/showthread.php?t=84947 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/-sg9yzwz-gw/showthread.php The Energy Report: Looking back to your last interview with The Energy Report in November, you seem to have called the bottom in gas prices correctly. What's your view of where things are headed now? Robert Cooper: We expect a reasonably robust pricing scenario ahead. Here's why: In 2013, we will likely see flat natural gas supply growth; this will be the first year in the last several that this will be the case. The natural gas rig count is at 350, the lowest since 1995. The declining rig count has taken its toll on almost every U.S. shale basin; the only basin that's growing is the Marcellus, and it is growing partly because infrastructure constraints are being alleviated. Unless productivity undergoes another massive step higher, or drilling time is cut in half again, rig count matters as a predictor of natural gas production levels. Natural gas liquids (NGL) prices are weak, and this impacts the ability of explorers and producers (E&Ps) to reinvest at the same level as even a year... Tue, 21 May 13 12:02:48 -0700 http://www.gold-speculator.com/showthread.php?t=84945 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/MQrYON17FN0/showthread.php The Metals Report: George, what do Doctor Copper and other indicators tell you about global economic performance over the medium term? George Topping: You can't take the value of any commodity as a true indicator of physical demand these days. For example, a fortnight ago, copper prices shot up 6% from $3 per pound ($3/lb) to $3.19/lb in a heartbeat. That resulted from financial players pushing the copper price around. It represents what the financial markets think of the world economy. The indicator has some value in that it reflects a collective body of knowledge, but the underlying physical market is not as bad as the financial players would have you think. Copper consumption will start to pick up. I expect the price of copper will increase because the number of dollars in circulation has tripled in the past five to six years. There's been an incredible printing of currencies and currency debasement in the U.S., Japan, Europe and Great Britain. The U.S.-adjusted monetary base is n... Tue, 21 May 13 12:02:48 -0700 http://www.gold-speculator.com/showthread.php?t=84946 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/pcnjdfT_FR8/showthread.php courtesy of DailyFX.com May 21, 2013 03:08 AM Commodity prices look to commentary from Fed Presidents Bullard and Dudley to shape QE progression expectations and offer direction cues. Commodity prices look to commentary from Fed Presidents Bullard and Dudley to shape QE progression expectations and offer direction cues. Talking Points [LIST] [*]Crude Oil, Copper Wait for Risk Trends to Weigh Up Fed Policy Outlook [*]Gold and Silver Vulnerable if Fed Chatter Hints at Tapering of QE3 Efforts [/LIST] Commodities treading water in European trade as markets wait for guidance from two prominent monetary policy speeches by St. Louis and New York Federal Reserve Presidents James Bullard and Bill Dudley, respectively. After hearing perennial dove Charles Evans was “open-minded” to the idea of tapering QE3 purchases, investors will look for similar-sounding rhetoric to set the stage for tomorrow’s Ben Bernanke testimony. If that is to materialize, the subsequent r... Tue, 21 May 13 02:40:24 -0700 http://www.gold-speculator.com/showthread.php?t=84940