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We mull certain broad questions over so we can give you a carefully considered look at the big picture fundamentals in this section of our emails. 

The euro strengthened after the ECB's Peter Praet said negative rates and asset purchases remain an option, according to a Wall Street Journal article.

 

 

 

 

 

 

 

 

Yesterday we closed the fundamentals portion of our email by discussing how many votes would have to swing in order to change the Fed's direction on QE3. Apparently many precious metals analysts can't figure simple math. Perhaps they are into advanced trig and algebra that mere mortals cannot comprehend.