Baltimore (TFN): The Fed is meeting today. And I ask who cares? At this point, Bernanke and his troupe of politicians masquerading as economists are in so far over their heads, no matter what they do or say, you can bet the move is designed to protect their butts, not yours.

Jobs Jamboree gets a lift…  The real numbers…  The dollar comes back with vengeance!  RBNZ to meet this week…
And Now… Today’s Pfennig!

OPEC wants transparency and the White House is on the verge of giving it to them. The result is the virtual destruction of speculation in the oil markets. But the upside is that oil companies will have a clearer gauge of supply and demand. And what’s good news for the oil market is good news for major oil companies. Here’s what you need to know:

“Global Demand for Oil to Plummet,” screams a recent Financial Times headline.   Huh?  No it won’t.  Who are they trying to kid?

IEA predicts 2009 oil demand growth after 2008 contraction… Saudi Nov oil output complies with OPEC target-oil min… Expectations of deeper supply cut by OPEC next week

Where is ANWAR? This is what thousands of investors are searching the internet for following President Bush’s attempt to persuade Americans that high oil prices are due to the fact that Congress has “repeatedly blocked environmentally safe exploration” there.

For those confused by Bush’s statements today, ANWR (the correct spelling) stands for Arctic National Wildlife Refuge. Bush claimed today that Congress’s refusal to open the reserve for exploration is a major contributor to sky-high oil prices.

With oil prices nearing $120 a barrel following supply outages in Nigeria and the North Sea, one oil price prediction is looking scarily accurate.

In December, Money Morning Investment Director Keith Fitz-Gerald publicly forecast that oil prices will reach $187 a barrel within three years. In mid-March, he reiterated this projection.

Everyone knows markets hate uncertainty. Nowhere is that borne out more than in biotech.

The Cartel showed up on Globex trading shortly after London opened for business. Someone was offering physical in size and they were successful in driving down the gold price below $900 briefly before it recovered somewhat to slightly over $900. Silver had the same chart pattern.