Thursday, July 14, 2011 9:59:50 AM
http://stockcharts.com/h-sc/ui?s=$COPPER&p=W&b=5&g=0&id=p14190318857
As long as we have helicopter Ben chairing the FED, we can expect more money printing, and more appreciation in prices(Inflation).
These trades are like falling off a rock simple. Check out this chart or any chart of a commodity. Compare the start date of QEI, and QEII to same time and see the result.
ie early 09' for QEI, and ~August 10' for QEII. Price appreciation each time. This Bernank is making the wrong bet, and then doubling down on the same mistake.
Speaking of FED, I just can't believe he has not made a comment on this yet. Has he finally given up on shaking out shares here?
Drama in DC continues. More printing is assured. Still higher prices come.
Silver & Gold too. Silver still under heavy suppression. It will climb and eventually b/o of the control.
agNau
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