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The Bernanke

KUCHKUCH Posts: 1,186
in Precious Metals
The Bernanke is speaking live now, 7:25 CST. Gold going up....... this happens everytime.

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>The Bernanke is speaking live now, 7:25 CST. Gold going up....... this happens everytime. >>



    Except for the time it went down $100 recentlyimage

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    he's hinting at more QE, always good for PMs

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Cue the roller coaster image!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • RedTigerRedTiger Posts: 5,608 ✭
    Someone did a real study looking at real data, not anecdotes and found it was a coin flip chance, about 50/50 up or down. If dumb money wants to continue to bet on these events, have at it, but don't cry when you lose your lunch money on the next coin flip.
    Investment blog: gold, stocks and more
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    50/50 but one side is dumb $$imageimage
    Avid collector of GSA's.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    So he says the US economy would rebound if there were more jobs but is not sure if that will happen any time soon and the market goes up 100 points on that brilliance.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It really depends more on where the current market stands. After Thursday's final washout it appeared gold and silver had turned. BB's FEDspeak wasn't going to change that.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    the US economy would rebound if there were more jobs but is not sure if that will happen any time soon

    Maybe more jobs ought to be created? Would that help? Hey! I have an idea! Maybe they should cut back on the regulations by a few 100,000 pages or so.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Big domino about to fall:

    Forget the eurozone, Japan about to set the economic world afire

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭


    << <i>Big domino about to fall:

    Forget the eurozone, Japan about to set the economic world afire >>




    Me smells opportunity.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I have no idea how to position my assets for something like that. Dollars and gold, I suppose. You paper traders will prolly make a killing.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    should be some interesting fireworks if Hero Ben testifies:

    A fistful of euros

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    I was very happy with the Ben Bernank yesterday, my stocks were up 1.67% by the end of the day.

    Remember, don't fight the fed!
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>I was very happy with the Ben Bernank yesterday, my stocks were up 1.67% by the end of the day.

    Remember, don't fight the fed! >>



    Or put another way....don't fight the FED and the big 5 banks with their $330 TRILL in otc derivative bets. They can keep interest rates wherever they want as long as they
    have this power supported by unlimited, behind the scenes QE.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • KUCHKUCH Posts: 1,186
    RR, you are right on.

    Though we can take certain actions to minimize exposure to inflation, monetary manipulation, etc. Until we fall off the cliff.

    Got Cashimage

    And just as important, where is that cash?
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    For women, it's "You can never be too thin, too rich or have too many shoes."

    For followers of Austrian Economics, it's "You can never have too much gold, too much cash or too much information."


    Added: Well, maybe you can have too much cash.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,304 ✭✭✭✭✭


    << <i>

    << <i>The Bernanke is speaking live now, 7:25 CST. Gold going up....... this happens everytime. >>



    Except for the time it went down $100 recentlyimage

    MJ >>

    i heard that was cause it was 2 am and everyone was sleeping. just hearsay thou image
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Exactly RR, the Fed will do whatever is best for the JP Morgue and the Goldman Sack, just figure out what that is and make money off it.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    If gold goes up everytime Bernanke speaks,
    let's have him do it daily !!!
    Timbuk3
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    unfortunately, it doesn't always go up. Went down fairly hard earlier this month. You can't expect him to make it too simple for us. He may be stupid but he's not stupid.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jdimmickjdimmick Posts: 9,674 ✭✭✭✭✭
    The bernanke price rise is just about ready to fade
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