From Sell Off to Buy On?

Posted by on March 1st 2012 in Bailout, China, Federal Reserve, GATA, General Economy, Gold, Media, Monetary Policy, Quants, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!

Two mainstream outlets featured analysts arguing that Wednesday’s drop in precious metals is short-term, with one telling CNBC that “This is a buying opportunity for many investors who were worried that the train left the station and they weren’t involved,” and another saying that  “People are reading too much into Bernanke today and using it as a reason to take profits. I don’t think that we’re coming to the end when it comes to liquidity and quantitative easing.”

And a CNN Money article asking, “Did Bernanke kill the gold rally?,” is answered by one analyst who says that “gold still looks strong,” and “what the rebound on Thursday shows you is that investors used the dip as an excuse to get back in to gold. The move didn’t seem to do any  psychological damage.”

Related Links: 

Dow JonesGold steadies, silver climbs after selloff

MarketWatch:  Gold gains 0.6%; silver rallies nearly 3%

Trader DanSilver back to knocking on the door of chart resistance again

Forbes:  After gold’s no-QE3 plunge, market clear for another rally

Jesse’s Café Américain: A single large seller smashed the gold market yesterday: Dr. Evil strategy?

KWN:  Hugo Salinas Price – Central banks smashed gold

The Victory Report:  David Morgan:  Aliens want your silver

Jim Sinclair:  Wednesday was a cover-up by the Fed and mainstream media

TF Metals ReportMalicious intent

Bloomberg:  Bernanke defends Fed’s securities purchases; quells talk of fresh Fed stimulus

The Hill:  Bernanke warns lawmakers country headed for ‘massive fiscal cliff

Zero Hedge:  John Taylor warns of a “Highly disastrous, totally uncontrollable inflationary conflagration

Casey Research:  Is gold backwardation now permanent?

Gold Scents:  U.S. stock market:  Will it ever correct?

Zero Hedge:  Next leg of the ponzi revealed – Foreign central banks to begin buying U.S. stocks outright starting today  Dollar going out with a whimper, not a bang

GATA:  To end the Fed, Paul will have to start questioning it

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