With continued uncertainty in global markets, today acclaimed money manager Stephen Leeb warned King World News that what we are seeing right now is the “calm before the storm” as the world heads dangerously into a second “meltdown.” Below is what the acclaimed money manager had to say in this candid interview. Leeb: “In Europe, despite…
A few years back Chairman Bernanke was asked by a financial reporter how confident he was that the Fed could easily start the process of withdrawing from the accommodation of “unorthodox” monetary policy. Some might argue (ourselves included) that the answer ‘should’ be something like “very confident” or “We feel we have the right tools and…
“CNBC has learned that the federal reserve is contacting certain news organizations to discuss the rules and procedures surrounding the fed’s lockup room in which they release data early to reporters, in particular the lockup room that happened on wednesday last week during the fed’s no-taper decision. the fed says it is contacting those reporters…
Weak physical demand from China dominates the headline as traders continue to talk down the price of gold. Report from Reuters added that only demand should pick up if gold is trading in the range of $ 1250 to $ 1300 level. Gold started the week with sellers taking the yellow metal to a low…
As expected, here come the first two doves “explaining” the reasons behind Bernanke’s taper surprise last week: DUDLEY SAYS FED MUST ACT ‘FORCEFULLY’ TO PUSH AGAINST HEADWINDS DUDLEY: MAY TAKE CONSIDERABLE TIME TO REACH 6.5% JOBLESS LEVEL DUDLEY SAYS ECONOMY STILL NEEDS `VERY ACCOMMODATIVE’ POLICY And Lockhart adds to the chorus: LOCKHART SAYS FED FOCUS…
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…
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…
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…
Having allowed a couple of days for the tidal wave of mainstream, post-“tapering” nonsense to subside; it’s now time to look at the facts, as once again The Boy Who Cried Exit Strategy got in front of microphones to say “just kidding.” At the time that B.S. Bernanke originally began his musings now known as “tapering”; it…
Folks, this announcement by Bernanke of no tapering today is extremely bullish for gold and silver. Silver spiked by $1.00, gold by $50.00 within minutes after the announcement. I believe this is LONG-TERM bullish for metal as the Fed today is basically admitting that the economic recovery is a sham. With Bernanke leaving and the…
