Easing Into the Elections

Posted by on March 26th 2012 in Bailout, China, Federal Reserve, GATA, General Economy, Gold, India, JPMorgan, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

Jim Rogers gestures skyward to illustrate the rising debt during an informative and entertaining interview Monday, in which he touted “real assets,” while pointing out that given it’s an election year, “you’re gonna see a lot of good news coming out of Europe and America,” before being overwhelmed by “problems that are going to hit us in 2013, 2014.”

Later on Monday, Fed Chairman Bernanke raised the prospect of additional easing, saying that “Further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies.”

After which, reports Inside Futures, “Spot gold did not waste a moment before it took off to the upside to begin to discount more easy money, perhaps inflationary expectations, and most importantly, the unintended consequences of Bernanke’s policies.”

Related Links:

MarketWatch:  Gold rallies 1.4% as traders cheer Bernanke speech; silver gains 1.5%

Trader Dan:  Pass the juice please

Wall St. Cheat Sheet:  Bernanke lends a helping hand to gold and silver

Jesse’s Café Américain:  A burst of liquidity expectations sparks a flight to the metals

Coin News:  Gold and silver prices rally, U.S. silver coins rise

Zero Hedge:  Bernanke reprises his role as a gold bug’s best friend; Did Ben unleash the “new” QE? Not so fast says JP Morgan

Gold Scents:  Can Bernanke break the dollar rally?

Jim Sinclair:  The supremacy of the US dollar is behind us; US launches economic war, gold reacting

City Press (South Africa):  Brics’ move to unseat US dollar as trade currency

Frank Holmes:  Gold and China: Where the bulls and bears square off; India spares silver from new tax

Mineweb:  Industrial metals, gold and China: It’s not that bad out there!

Sovereign Man:  “We have entered the most favorable era for gold prices in our lifetime…”

KWN: Richard Russell – Gold & silver being bought up by billionaires

GATA:  Zero Hedge:  Can gold-plated tungsten be rehypothecated too?; Bron Suchecki: Fake bars — the facts

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