Commodity Prices

Gold •810 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,772.70	-28.70	-1.59%
WTI Crude •11 mins	92.54	+0.17	+0.18%
Gasoline •11 mins	3.482	+0.012	+0.34%
Ethanol •810 days	2.161	+0.000	+0.00%
Silver •810 days	30.82	+1.16	+3.92%

Silver • 810 days	30.82	+1.16	+3.92%
Copper • 810 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.17	+0.83	+0.83%
Natural Gas • 12 mins	2.837	+0.001	+0.04%
Heating Oil • 14 mins	4.867	-0.023	-0.46%

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Douglas V. Gnazzo

Douglas V. Gnazzo is the retired CEO of New England Renovation LLC, a historical restoration contractor that specialized in the restoration of older buildings and…

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Monetary Policy from Hell

By Douglas V. Gnazzo - Nov 13, 2010, 4:05 PM CST

Friday's first round of QE2 (quantitative easing) was not well received by the markets. The Fed bought $7.22 billion of bonds, as the first installment of its $600 billion target over the next 6 months. Stocks reacted by falling 2% for the week, bonds lost 2.2%, commodities fell 3%, and gold was down 2%, while silver dropped 2.6%.