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Message:: [QUOTE="desertgem, post: 1102125, member: 15199"]Notes from the Business section today; "Price of oil fell to a 10 Week low after Mubarack resigned. Consumer confidence  ( Rutgers/U. of Michigan) for first part of Feb climbed from 74.2 to 75.1, the highest in 8 months. The index averaged 89 in the 5 years up to the recession, so still a ways to go. The US Trade deficit widened for first time in 4 months on higher oil imports ( not from China by the way), but exports continued their upward trend. In 2010 exports rose 21% to 1.28 trillion USD, sharpest rise since 1988. US passed Germany to become #2 below China. China will drill 1350 wells across 8 northeast provinces in effort to save crucial wheat crops damaged by the worst drought in decades. They are spending 1 Billion USD to fight the drought. They are currently the largest wheat growing nation. Vietnam devalued their currency by 8.5% as they have inflation over 10% and a worsening trade deficit. It is the 2nd fastest growing economies in Asia below China." ( most are paraphrased, but kept in quotes anyway.) Soft commodities have a ways to go in my opinion, and will definitely affect whether people buy silver/gold or food. IMO. If industrial demand is really increasing, then steel, aluminum, and especially copper I believe will out gain pm %wise. Jim[/QUOTE]