PLACERVILLE, CALIFORNIA

Opinion

QE2 ain’t a cruise ship

By November 12, 2010

Although commodities ended the week down after China announced it was raising interest rates to counter inflation, they are still in the high range. Gold bullion came down from more than $1,400 an ounce to $1,364. Oil is hovering around $85 a barrel. Don’t expect prices to drop at the pump. Regular gas is holding at $3.20 a gallon around here and Sacramento. Winter didn’t bring the prices down and that’s not a good sign.

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