Benny boy is set to deliver a rare speech on Wednesday afternoon in the states in regards to the Feds 100 year history. Odds on Ben Bernanke to do a backflip and mention that the tapering may take longer depending on market conditions and that tapering was a strong word Paying $1.01 If this happens I think we will see a nice little ride up in Silver and Gold probably starting as early as tonight. If he does not mention anything other than the history of the fed I think we might see a further depression in prices. Should be interesting none the less.
Meh. Think there's only so much back flipping he can do. Hope he really pulls the plug on QE. Drugs ain't good, and never will be good for the economy!
The drugs have been good for many investors. I earned 14% in the paper market which certainly has helped me to purchase more pm's. Moving around your gains and investing ahead of the curve is made easier with drugs. Go drugs, go!
100yrs of FED backflipping and still going strong! The back flipping will stop when there is a complete financial collapse, to be taken over by finger pointing and ass covering.
It it's just a "commemoration/celebration"-type speech, then it has little significance. Tiny, even... Gold and silver already started falling back a bit. I have a feeling this is a bargain-hunting rally... these usually don't last for long. Next FOMC meetings to watch: http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm July 30, 31 (not very far away) September 17, 18 According to a plethora of media sources, they might reduce QE until or in Spetember. So I believe these two next meetings or two days each could give us the answers.
Yeah, you said this very good. Debt is a drug. I'm sorry I didn't buy some stocks when there were on the lowest, but as they say: everyone can be a general, after the battle is finished.
Ben is just the drug pusher, the economy is the addict and it will die if it does not get its daily fix. Ben will INCREASE the supply, not decrease it. in the 10s and 100s of Trillions, he has NO choice. OC
Everytime uncle Benny opens his mouth the market moves. And each time it goes opposite of what I am hoping for. I'd wish he would shut his trap and stop mucking about with the market. Ahh such power, his on the way out soon. But whoever sits in his seat will have the same powers. Lets just hope whatever he says moves the markets in our favour. Slam
I take what Ben says with a grain of salt. He knows damned well what he is doing, and what he HAS to do. Stopping QE is NOT on the list! As I have said before, my view on his 'end game' for the FED, together with the ECB, BoE and BoJ is a co-ordinated printing and buying program of ALL Sovereign Bonds, State Bonds, City Bonds and even Corporate Bonds. JMO OC
Lol, he already grabbed to much! Imagine giving Bond a direct line of credit from the FED, I think even Ben would be scared of where that would end up.
He is also as cunning as a sh*thouse rat. He knows EXACTLY what he is trying to achieve, and how he intends to go about it. He is just reinforcing his power to move the market in any direction he wants, when he wants. His #1 goal is to create inflation via the 'printing' press in order to eliminate the debt load of the USA. He knows very well what the repercussions of that will be for the masses, but he will "kill the dollar" to achieve that. On the way he will flood the banks with money to later assist them in the bust. If he sees the need, he will print the Quadrillion of derivatives too! I suspect it will be a lot less in the nett result though. ALL the central banks are just getting started, if it takes a quadrillion of 'printing' they will do that overnight! JMO OC
