As noted below, the weakening USD is allowing most major commodities to rise in price except for the usual - gold and silver. The strain must be building on the NY cartel as physical buying increases and the USD weakens. The epic battle for $1,380 continues!

Regards - VHF

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Getting Frustrated

January 1, 2011

The dollar continues to slide lower. The grains are higher and, more importantly, copper is rolling and crude is back near $92 and about at the levels it was at on 1/3/11. Look at these two charts:

A rational person, dealing in non-manipulated/suppressed markets might expect gold and silver to be back near their 1/3/11 levels, too. Where are the PMs trading? Well, down of course!

I'm sitting out here on a limb because I called for 1400+ gold and 30+ silver today. Everything else is rallying yet our PMs are down!

Thank you, Wicked Witch of New York.