Quote Originally Posted by roberth View Post
That is one of the things I do not understand. QE inflates the USD, silver and gold should be going up b/c it takes more inflated USD to purchase the same quantity of metal that uninflated USD bought years ago.

Oil is down because OPEC is pumping more, OPEC has 2 problems to resolve, countering potential US oil exports and drive the price down to hurt Russian oil income.
You have it backward... QE does not inflate the USD, it deflates the USD, in turn causing inflation of goods/services.

Think about this way, they're printing more money, injecting more dollars into circulation, reducing the "buying power" of each USD.... Having less "buying power" in each dollar, means the cost of products and services go higher.