mines prices markets

Denial Burns Brightly Bernanke Inflation
mines,gold,silver,oil,gazz,coal,prices,market,asia,europa,america,africa

“Our interpretation of the increase in gas prices is the economist’s basic mantra of supply and demand,” mused chairman Ben Bernanke during his first-ever regularly scheduled press conference on Wednesday. At that moment, the price of oil reached a new post-2008 high.

“The Federal Reserve believes that a strong and stable dollar is both in the American interests and in the interest of the global economy,” he also said. At that moment, the dollar index reached a new post-2008 low.

Back when Bernanke signaled the advent of a new round of easy money – QE2 – during his annual speech at Jackson Hole, Wyo. last August, oil was $75 and the dollar index was at 83…........more