The Fed Published the minutes of the recent FOMC meeting, which was held at the end of July. The minutes revealed that the Fed might be closer, than many (including me) had anticipated, to issuing another quantitative easing plan in…
During last week gold and silver prices didn’t do much as gold slipped while silver edged up. There were several reports that were published but none of them seem to have had a substantial impact on precious metals: the Philly…
Crude oil prices continued their upward trend during last week; the gap between Brent and WTI also expanded during most of the week. During last week, WTI oil rose by 3.4%; Brent oil, by 1.9%. The concerns over the rising…
The Fed announced it won’t change its monetary policy and keep its ongoing plans of extending operation twist and keeping low rates until late 2014. The FOMC stated it sees signs of slowdown in the U.S. economy. Currently gold and…
The Fed announced it will continue its operation twist in which the Federal Reserve will extend the average maturity of its holdings of securities. This operation twist was first started back in September and was suppose to end this month.…
As expected there weren’t any major headlines coming out of the recent FOMC meeting, which was the second Federal Open Market Committee meeting for 2012. The Fed stated it sees signs of recovery in the U.S. economy in recent month…
As I have expected, in the last Federal Open Market Committee meeting, which was held today, December 13th, there were no surprises and Committee decided to maintain its current monetary policy and didn’t introduce a new stimulus plan such as…
Following a two day meeting of the Federal Open Market Committee, it was decided to keep the monetary policy in the same direction with no earth-shattering changes. But Bernanke in the press conference kept the door open of an additional…