All eyes and ears are on the Fed this week. With Bernanke in New York discussing potential new bubbles and the New York Fed getting heat for overpaying AIG’s many creditors, investors are having a tough time knowing exactly who to follow.

For those of you who hold up the “Fire the Fed” signs, move over. I am thinking about joining your camp.

Gold rose to $917 at the mid-point of the Hong Kong session, but that would be the high for the day as it fell into the first hour in New York, then traded choppily through the rest of the day to finish at $913.30/oz., down $2.90. Overnight, gold is pushing higher.

The base metals were all flashing green on Friday. Copper moved higher in the pre-dawn hours, went flat until late morning, then shot up again to finish barely off its intraday highs at $2.0954/lb., up 7¼ cents.

In the currency market, the dollar fell against the euro. Late Thursday, the euro was trading at $1.3145 vs. $1.3001 on Wednesday.

Poking through dusty ruins looking for our future. Greenspan and Bush accomplished a great feat…an explosion of spending that has blown up in our faces. The U.S. still on a slip-n-slide…and more!

Despite the fact that the gold price has now slipped to around $924, gold miners still expect the gold price to rise further. Indeed, they’ve put their money where their mouth is.

In the currency market, the dollar slumped to new lows against the euro. Late Wednesday, the euro was trading at $1.595 vs. $1.5791 on Tuesday.