Precious Metals Weekly Market Wrap A reversal of the recent strong dollar trend, due in large part to perceptions of a more dovish Federal Reserve, contributed to the biggest weekly advance for precious metals in nearly two years. On Wednesday, Fed Chairman Ben Bernanke said that:
highly accommodative monetary policy for the foreseeable future is what's... read more
Sometimes it seems we might all be better off if current Federal Reserve Chairman Ben Bernanke were more like former Fed Chief Alan Greenspan. Recall that traders and investors were often left scratching their heads after listening to what Greenspan had to say and, as some suspected back then, the disgraced former Fed Chief really didn't know himself what he was trying to communicate much of... read more
Yes, if it's gold coins you're after. But not if it's gold bullion in other forms...  
OVER the last few years, during the great investment demand for precious metals, we have seen sporadic shortages in silver and gold coins, writes Miguel Perez-Santalla at  read more
The yield on Portugal's benchmark government bonds surged on Friday, following demands for a renegotiation of its bailout program, reigniting investor fears about the deteriorating political situation in the country. Portuguese 10-year government bond yields rose to 7.77 percent at lunchtime on Friday, up from 6.88 percent on Thursday, before paring back slightly. The country's 5-year govern... read more
Night trade booms on domestic investors' demand * It helps China to gain a better hold in global marketplace * Shanghai Exchange to expand after-hours trade for other products * Extension of base metals trad... read more
In a 2011 interview, hedge fund principle, Kyle Bass spoke of "when [he] asked a senior member of the administration last week, 'how are we going to grow exports if we wont allow nominal wage deflation?'" The response was: "We're just going to kill the dollar." "Oh, okay, more you mean," Bass retorted. The Federal Reserve Bank hasn't disappointed. The result? "After such a notabl... read more
Video at Source You might be tempted to think that the global economy is recovering, the dollar strengthening and gold will finally sink into obscurity. Think again. Central bankers like Ben S. Bernanke may tell you that banks hold gold bullion only for sake of "tradition," but gold traders know otherwise —... read more
Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher.  Yes, he actually came right out and said that.  It almost seems as if Bernanke is trying to purposely hurt the middle class.  On Wednesday, Bernanke told the press that " read more
Frequent contributor Jeff W. recently penned this succinct explanation of the Federal Reserve, and he did so with such clarity that in my view this is the essential primer on the Fed that every high school and college student in America should read. If they study this short essay, they will grasp the essence of the Fed and understand why the financial Status Quo... read more
Ben Bernanke has lost any last shred of credibility he might have had. The Fed no longer believes in QE. And for good reason. We’ve seen QE 1,2,3,& 4 and yet we’ve not seen any meaningful uptick in employment or GDP growth. Indeed, since Bernanke took the reins at the Fed we’ve not seen a single year of 3+% GDP growth. In this light, several Fed members are no longer fans of QE.... read more