The greenback has started the week under pressure after the Fed's Vice President Yellen has said it clearly that it is too soon to end the Fed's current quantitive easing stance on the current economic conditions and this statement has come to confirm what the Fed's believing that the underling inflation over the medium term is expected to be stable despite the rising of the oil and commodities prices which can be temporary as what has been said by the Fed's Chairman Mr. Bernenke and has been obvious in the recent meeting minutes of the Fed too with no signal for hiking the interest rate until now and this direction can be maintained as we have seen no implication to be mentioned on US ISM manufacturing index which has come at 61.2 which the market waiting for just 60.5 from 61.4 showing no easing of the demand in the sector despite the rising of the commodities and oil prices which can give the conclusion that the easing period can be extended undermining the greenback having more rooms for prices to grow up with no tightening action to be taken against them which can underpin the demand for the precious metal like the gold and the Silver as a hedge against inflation.

Me and Jimmy.

You know the man – he is unrelenting in his quest to harness the power of the commodities “bull” and clearly passionate in his market predictions, not to mention ruggedly good-looking and charming.

Where’s the real risk ... because Libya could be about tapped out?

Over the last three weeks (more or less), every point lower in the stock market is attributed to risk in the Middle East. Every downside move in commodities is attributed to risk in the Middle East. And every penny that crude oil moves in either direction is a direct correlation to the number of new pieces of news less than or greater than 100 per hour mentioning risk in the Middle East.

Are inflation expectations ahead of themselves?

I read a great piece by HSBC Chief Economist guru Stephen King that appeared in the Financial Times this morning, “Trigger-happy central bankers risk wrecking the recovery,” *Note: We often consider things great when they are aligned with one’s own world view; which is the case here; as I too think developed world central banks have gotten ahead of themselves.]