Gold and silver prices rose and then fell on news from the Federal Reserve last week and this process is likely to both continue and intensify now that the central bank has surprised markets by delaying the start of tapering its $85 billion per month money printing effort. After the Fed policy decision was announced…
Fed Unleashes Gold Adam Hamilton The Federal Reserve shocked the financial world this week, defying universal expectations. It failed to start reducing the pace of its third quantitative-easing campaign’s debt monetizations, delaying the long-anticipated QE3 taper indefinitely. This surprise ignited sharp moves in nearly all major markets, but gold’s was certainly the most impressive. It rocketed…
Jim Rickards, author of the best-seller Currency Wars, sees the world’s central banks embroiled in a “race to debase” their currencies in order to restore – at any cost – growth to their weakened economies. In the midst of the fight, the U.S. Federal Reserve wields oversized power due to the dollar’s unique position as the…
Pre-FOMC comments are: We continue to feel that the tapering effect will fizzle out after the FOMC statement and the next big item will be the US debt ceiling. On that basis, we felt the precious metal will remain well bid as long as it can trade above its support level. We remain cautious of…
FRIDAY, SEPTEMBER 20, 2013 The more I look at this the more concerned I am becoming. It’s only natural to see day traders take profits after a huge momentum push like we saw on Wednesday. Usually a market will trade sideways for a day or two after that kind of move. But that kind of…
JPMorgan On Gold: This week’s surprise by the Fed in not tapering their asset purchases led to a 5% rally in precious metals. In our view, the main driver of gold’s performance over the past five years has been QE. Following the 2008 crisis, the unprecedented expansion of central bank balance sheets led to fears of…
On the heels of a disastrous week for the Federal Reserve, today one of the top economists in the world discussed the Fed’s increasing manipulation, desperation, use of propaganda in mainstream media, and its unprecedented and dangerous manipulations in major markets. He also discussed what all of this means for gold and silver. Michael Pento,…
Published on Sep 21, 2013 Judge Andrew Napolitano sounds off on Bernanke not taking his foot off the pedal. “This will produce another unsustainable bubble, an artificial, government orchestrated, unnatural accumulation of assets in a place where it doesn’t belong.”
Published on Sep 21, 2013 James Bullard successfully sells markets on an Oct. taper. When will traders learn that it’s not what Fed officials say that matters, but what they actually do? It reminds me of Lucy holding the football for Linus. No matter how many times she assures him that she will hold the…
On the back of a wild week of trading in global markets, today the 42-year market veteran, who correctly predicted on Tuesday that the Fed would not taper, is now warning King World News that we should expect chaos in the aftermath of this week’s historic events. He also discussed what all of this means…
Published: Friday, 20 Sep 2013 | 4:27 AM ET Getty Images Ben Bernanke, chairman of the Federal Reserve. The danger with addictions is they tend to become increasingly compulsive. That might be one moral of this week’s events. A few days ago, expectations were sky-high that the Federal Reserve was about to reduce its current…
Sept. 18 (Bloomberg) — David Stockman, former director of the Office of Management and Budget under President Ronald Reagan, explains to Betty Liu why Janet Yellen is not a wise choice to succeed Ben Bernanke as Chairman of the Federal Reserve. He speaks on Bloomberg Television’s “In The Loop.”
by Ed LaRue Less than 48 hours after the release of the FOMC report declaring “no taper”, which resulted in a skyrocketing spike in the price of precious metals, St. Louis Fed President James Bullard told Bloomberg that a wind-down of the Fed’s $85 billion monthly bond purchase program could possibly begin in October. Reaction in gold…
Today a former US Treasury Official warned King World News that the U.S. is now headed toward a terrifying collapse. He also cautioned that, despite mainstream media propaganda, the Fed and other Western central planners are now desperately trying to keep the current financial system from imploding. This is without question one of the most…
