Silver is up over 1.75% to 33.85 with gold also marching higher to $1745. Apparently, Ben doesn't have everyone on board with the plan. President Charles Plosser told a business audience, "Monetary policy should be contingent on the economic environment and not on the calendar."
Part of a statement which strictly contradicts Mr. Bernank's promise to keep exceptionally low rates through late 2014. Full Article Here
It doesn't do any good to complain Mr. Plosser, just back the truck up and load up on silver.
3 comments:
The Banksters are throwing everything at gold and silver to keep it from blowing up in their faces and their manipulative effects are growing weaker and weaker by the day. If the Hedgies and pension funds start buying in volume, look out above!!!
... but the significantly lower trading volume of recent future contracts suggests that either the banksters have given up, are manipulating via other means (slv, gld) or are setting up longs for a smackdown.
Time to sit on the fence and wait for the inevitable smackdown and next buying opportunity.
(Just my opinion and not advice)
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