There’s plenty of bullish sentiment around commodities here at Contrarian Profits.

Byron King says gold and oil prices are experiencing a correction, not a trend reversal, and that the long-term prospects for these commodities are bullish.

Euro Pacific Capital president Peter Schiff goes even further. He reckons the outlook for gold and oil has never been brighter. That’s because the current dip in commodity prices - and the dollar rally - is a market ‘fake’ that Wall Street has bought into without a rationale. The fundamentals simply don’t support it…

The housing bubble was former U.S. Federal Reserve Chairman Alan Greenspan’s doing - plain and simple. He gave birth to it, nurtured it, protected it, and guided it during every stage of its development. In fact, if there were a deck of playing cards featuring the key players in this debacle, Alan Greenspan would be the ace of spades.

With the nation’s financial infrastructure crumbling before our very eyes, the country’s top two economic policymakers made their way to Congress last week for an extraordinary episode of political theater.

Editor’s Note: There is nothing the US Treasury can do to prevent further losses for the dollar, says Peter D. Schiff, not when the Fed’s policy on inflation is firmly guided by fantasy.

What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a disregard for risk management that pushed asset prices above rational levels.