Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree1Likes
  • 1 Post By DCFusor

Reply
 
LinkBack Thread Tools
Old 07-17-2012, 09:17 AM   #1
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Bernanke Testimony

Fed is talking slower growth (sub 2% GDP in 2nd half) and his speech is pretty dovish. Still, people seem to want him to announce QE in his prepared remarks or something. It's bizarre.. He didn't say anything negative at all. Yet, they feel the need to hit gold 10 bucks on the fact bernanke said nothing.

God i hate trading gold during the summer months.
DSAbug is offline   Reply With Quote
Old 07-17-2012, 09:21 AM   #2
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Originally Posted by dereksatkinson View Post:
Fed is talking slower growth (sub 2% GDP in 2nd half) and his speech is pretty dovish. Still, people seem to want him to announce QE in his prepared remarks or something. It's bizarre.. He didn't say anything negative at all. Yet, they feel the need to hit gold 10 bucks on the fact bernanke said nothing.

God i hate trading gold during the summer months.
I can not access the speech live, but what ever he is saying seems to be causing the USD to quickly gain strength.

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 07-17-2012, 09:44 AM   #3
Yellow Jacket
 
DCFusor's Avatar
 
Join Date: Nov 2011
Location: Floyd, Virginia
Posts: 1,682
Liked: 1233 times
http://www.bloomberg.com/tv/ has it now, won't work with adblock - you have to turn it off for that page.
PMBug likes this.
DCFusor is offline   Reply With Quote
Old 07-17-2012, 09:48 AM   #4
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
http://finance.yahoo.com/news/bernan...3Rpb25z;_ylv=3

No official QE3 for the U.S. today. This should make for a down day in both the equity and commodity markets.
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 07-17-2012, 09:56 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,065
Liked: 2454 times
I'm listening now. He just listed 3 tools the Fed is considering: buying Treasuries/MBS, adjusting rates / discount window, and adjusting IOER.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 07-17-2012, 02:32 PM   #6
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
We might need another war.
Penn is offline   Reply With Quote
Old 07-17-2012, 02:42 PM   #7
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
The sell off was nonsense. Gold recovered almost all $20 of it's losses before fading about 1/3 of the bounce. The SPY rallied hard.

Honestly, I don't know who was anticipating bernanke to say anything today. That just seems like foolish speculation.
DSAbug is offline   Reply With Quote
Old 10-02-2012, 10:28 AM   #8
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Latest Bernanke speech:
http://thenewamerican.com/economy/ma...mic-stagnation

He came out and said he wants to follow what Japan has done and hold interest rates to near zero for many years....

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 10-02-2012, 10:34 AM   #9
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,989
Liked: 880 times
Better start undermining a few atomic power stations and ensuring the demographic has the majority looking at, or already, retired, to get the true Jap flavour of a successful economy .........

Hard to believe anyone would see Japan as a role model, apart from the model that allows the 'chosen ones' to continue.

Ah yes ! now i see it (-:
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bernanke: Recovery depends on consumer spending Island_Dweller Fiat Ponzi 6 02-07-2012 09:52 PM
Bernanke: Central Banks May Need to Burst Asset Bubbles PMBug Fiat Ponzi 0 10-19-2011 08:06 AM


All times are GMT -5. The time now is 02:19 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.