Commodity Prices

Gold •693 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,940.00	+12.00	+0.62%
WTI Crude •11 mins	89.54	+0.86	+0.97%
Gasoline •34 mins	3.152	+0.019	+0.60%
Ethanol •693 days	2.161	+0.000	+0.00%
Silver •693 days	30.82	+1.16	+3.92%

Silver • 693 days	30.82	+1.16	+3.92%
Copper • 693 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	94.29	-5.29	-5.31%
Natural Gas • 11 mins	3.079	-0.016	-0.52%
Heating Oil • 2 hours	3.598	-0.117	-3.15%

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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%.