With the economy operating at close to full capacity, it's important that the Fed be vigilant about the possibility of some acceleration in inflation.

There was a view that by not telling a lot ... the Fed could surprise and, therefore, have a greater effect on markets, We don't think in those terms at all.

Fed participation in foreign exchange intervention ... risks creating doubt over whether monetary policy will support domestic or external objectives, and this confusion can undermine the credibility of the Fed's commitment to low inflation.

This has the possibility of bringing tens of millions of dollars into the state economy.

Should the global economy suffer a period of slower demand, which is a distinct possibility given rising interest rates, a slowing housing market and high debt, then the demand profile on the metals could suffer. In turn, these lofty metal prices would then look out of place.

Rightness of limitation is essential for growth of reality.

Unlimited possibility and abstract creativity can procure nothing. The limitation, and the basis arising from what is already actual, are both of them necessary and interconnected.