The St. Louis Federal Reserve President Bullard, speaking at a Rotary Club meeting in Missouri stated that it might be in the SECOND HALF OF NEXT YEAR that the Fed would begin to effectively tighten.The Fed Funds futures contract is signaling a move higher in the Fed Funds rate in the July 2012 contract.
This most likely is the reason we are seeing strength across the commodity sector today, particularly silver.
That buying was enough to take silver out of the top of its recent tighter range near $36. It has a chance now to make a run towards $39. I'm talking about physical.
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