Tag Archives: The Federal Reserve
The Fed Announces Open-Ended QE, Gold Explodes
I will be the first to admit it, but I did not think the Fed would actually announce QE on Thursday at 12:30pm EST. The markets were prepared for it… Read more
Gold and Silver Follow Up Friday Rally
After a monster rally in the wake of the admission by FOMC Chairman Ben Bernanke in his speech from Jackson Hole, Wyoming last Friday that there was still a place… Read more
The Search for Yield Continues as the Euro Rallies and Bonds Fall
After Herr Draghi emphatically informed the world that they should not short the Euro (AMEX:FXE) the currency promptly sold off headed towards $1.20. U.S. employment data on Friday, however, uncovered… Read more
Gold Clings to $1600 After Fed Disappoints
Not that anyone should be in the least bit surprised but the Federal Reserve said absolutely nothing on Wednesday that they have not said for the past six months. They… Read more
Gold and Oil Pop on Reality Reasserting Itself
Now that the nonsensical notion that the western central banks were not going to print,baby, print to oblivion has been summarily dispensed with, gold and oil can get back to… Read more
U.S. Dollar Tanks as Europe Prints, Baby, Prints!
Now that the markets have gotten what they wanted: a relatively clear sign that the E.U. would pledge to print money to cover the banks holding the enormously stupid amount… Read more
Gold Recaptures $1600 as Spain Bailout Hope Fades
At this point fading any strength in the Euro is a very safe trade. Until German Chancellor Angela Merkel accepts some form of pooled European debt solution, the Euro will… Read more
Oil Rout Continues on U.S. Slow Down
The decline in commodities this summer is eerily similar to the one that happened in the summer of 2008. The difference this time is that Gold (AMEX:GLD) is most likely… Read more
Oil Up As Markets Continue to Push Higher
In the world of rational economics, not those practiced by the high priests of monetary stock and flow, you know Keynesian weirdos like Ben Bernanke, if you print more money… Read more
Gold Survives Multiple Attacks, Closes Flat
Well, it would be more accurate to say that gold closed capped at $1644.95 per ounce. After surviving multiple attacks both before Bernanke opened his pie-hole to say that he… Read more
Gold Continues to be Compressed Near $1640
Not content to push gold prices back from $1680 per ounce the monkeys of the Federal Reserve continue to play games intra-day to push the price down; continuing to try… Read more
Obama Demonizes Speculators, Oil Rises
In a speech only a die-hard progressive Marxist (read: moron) could love, U.S. President Barack Obama urged Congress to stiffen penalties for those who speculate on oil. Oil is too… Read more
