Greetings!, The precious metals and equities markets reacted strongly with a bearish posture to the most recent minutes released from last month's FOMC meeting. There are two main points that have come out of those minutes. First, the U.S. economy is genuinely showing signs of improvement as forecasts are looking for a gradually tising GDP. This of course would greatly lessen the need for the Federal Reserve to engage in a third round of quantitative easing. That being said, it is a 180° departure from the comments made during the Federal Reserve chairman's recent lecture series at Washington University. Actually, it's a departure from the interpretation of what Chairman Bernanke said, because it was his defense of QE1 and QE2 that was being interpreted as a possible hint of QE3. If the economy continues to improve we can expect interest rates to remain low, near zero Second, the minutes of the March 13 FOMC meeting clearly showed division among the individual central bank directors, who make up the Federal Reserve banking system. This division could in fact remain a wildcard for any further measures by the Fed in regards to quantitative easing. As always, wishing you good trading, Executive Producer | 
