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Why Ben Bernanke has not helped gold, crude oil

Posted on 05 March 2013

It seems the Fed has failed to spark a spike in commodities. Federal Reserve Chairman Ben Bernanke strongly reiterated the value of qualitative easing in his semi-annual testimony before Congress last week. He made it clear that QE, the Fed’s low interest rate policy, could continue well into the future.
What makes this significant is that there has been some dissension within the Fed, and some seem to believe that the policy should end early. So if QE is the Fed’s policy, why has the U.S. dollar been so strong of late, and why has gold failed to hold above $1,600?……………………………………….Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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