Guest Commentary: Gold & Silver Daily Outlook 02.02.2012

Gold and silver were traded up on the first day of the month, even though other commodities were traded down.

Gold and silver were traded up on the first day of the month, even though other commodities were traded down.

The greenback bounced back on Thursday, with the Dow Jones-FXCM U.S.

Go here to read the rest: British Pound Targets Peaks var addthis_pub = ”; var addthis_language = ‘en’;var addthis_options = ‘email, favorites, digg, delicious, myspace, google, facebook, reddit, Buzz, more’;

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Federal Reserve Chairman Bernanke testified before the House Budget Committee today, reiterating the Fed’s bearish tone on U.S. economic recovery, and warning against overly rapid deficit cutting. The U.S.

It is hard to believe that the carry curriences, stocks, commodities and risk appetite in general are advancing on expectaitions of growth or higher rates of return moving forward. So, why do AUDUSD, EURUSD and the S&P 500 continue their charge higher – hope.

Visit link: USDJPY: Downswing Begins at Range Top var addthis_pub = ”; var addthis_language = ‘en’;var addthis_options = ‘email, favorites, digg, delicious, myspace, google, facebook, reddit, Buzz, more’;

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Did the Fed meet the market’s expectations for greater accommodation? A forecast of virtually-zero interest rates through the end of 2014 does not have the same level of amperage that a wholesale asset purchasing program (long ago given the moniker ‘QE3’) would.