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<p>[QUOTE=&quot;InfleXion, post: 2694387, member: 29012&quot;]HR 1207 was passed many moons ago to Audit The Fed. Nothing came of that, and I would be very surprised if anything came of this.</p><p><br /></p><p>It doesn&#039;t really matter who thinks that it&#039;s a good idea for Congress to monitor the Fed, because it is their obligation to do so. That it is up for debate shows that our lawmakers do not understand their charge, since I will assume incompetence over worser explanations.</p><p><br /></p><p>This will have no bearing on the price of metals, because price is driven by derivative contracts that are leveraged between 50 and 100 to 1 according to the now late Adrian Douglas of GATA.</p><p><br /></p><p>What could drive price is that the CME has now stepped down from the LBMA price fix. Since China joined last year they are now in a better position to set the price fix, and their buying habits point to bullishness.[/QUOTE]</p><p><br /></p>

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