Thursday, December 15, 2011

Gold Silver and Oil Plummeted Yesterday –Recap December 14

Major commodities prices took a dive yesterday and declined by the sharpest rate
in recent months; some speculate that the trigger for this turn of events may
have been the announcement in the recent FOMC meeting of no new stimulus plan; I
suspect, gold and silver prices are strongly correlated with the expansion of
the U.S. monetary base and therefore a lack of another stimulus plan prompted a
dumping of commodities including gold.

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