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.”
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
Gold Scents: Can Bernanke break the dollar rally?
City Press (South Africa): Brics’ move to unseat US dollar as trade currency
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