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Thread: Bernanke

  1. #1

    Default Bernanke

    Well, Bernanke spoke this morning but I can't make heads or tails of what he actually said. Even the news anchors analyzing his comments afterwards are saying that he was "speaking in circles" and "it really depends how you spin it" as one anchor on CNBC stated.

    Does anyone have any insight as to how this will affect the silver market? As of this moment it doesn't seem to have much effect at all...

  2. #2

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    Bernanke for the next 6 months.

    Growth is improving so Qe may be tapered but ending Qe could have an impact on growth.

    There, thats it in a nutshell. Keep the game going as long as possible until one day the music stops and reality bites.

    gold and silver will likely trade sideways the entire year.
    Last edited by silver mullet; 05-22-2013 at 11:17 AM.

  3. #3

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    Quote Originally Posted by silver mullet View Post
    Bernanke for the next 6 months.

    Growth is improving so Qe may be tapered but ending Qe could have an impact on growth.

    There, thats it in a nutshell. Keep the game going as long as possible until one day the music stops and reality bites.

    gold and silver will likely trade sideways the entire year.
    Spot on ! Basically all he can and needs to say, but he has to add alot of fluff around it as to not swing the markets to wildly in either direction

  4. #4

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    Quote Originally Posted by Casparado View Post
    Well, Bernanke spoke this morning but I can't make heads or tails of what he actually said. Even the news anchors analyzing his comments afterwards are saying that he was "speaking in circles" and "it really depends how you spin it" as one anchor on CNBC stated.

    Does anyone have any insight as to how this will affect the silver market? As of this moment it doesn't seem to have much effect at all...
    Yep, just letting you know, we are near conclusion. He could taper, he will not taper. Can't stop, but might stop.

    They are in uncharted territory. It doesn't end well. The market would crash if he tapered, but the market will blow up if he doesn't. I fear we have already passed the event horizon where we will get sucked into the economic black hole.

    Prepare accordingly.

  5. #5

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    Quote Originally Posted by silver mullet View Post
    Bernanke for the next 6 months.

    Growth is improving so Qe may be tapered but ending Qe could have an impact on growth.
    Similar to giving GM a zillion dollars and then they report a profit. (Pats own shoulder)

  6. #6

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    Quote Originally Posted by Casparado View Post
    Well, Bernanke spoke this morning but I can't make heads or tails of what he actually said. Even the news anchors analyzing his comments afterwards are saying that he was "speaking in circles" and "it really depends how you spin it" as one anchor on CNBC stated.

    Does anyone have any insight as to how this will affect the silver market? As of this moment it doesn't seem to have much effect at all...
    First and foremost, if you listen to anything coming from anyone representing any faction of the media owned by NBC, you are being guided towards the abyss.
    Just remember, wherever you go, there you'll be.

  7. #7

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    bernankes job is basically to give nothing away and extend a period of absolute madness. They give with one hand and take with the other. One is over the counter the other under it.

  8. #8

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    When Bernanke speaks he always give the impression that he may taper, reduce or eliminate QE.

    This however is psycho-babble in attempts to reinforce public confidence in the fiat system.

    Currently, the FED is publicly on the books to bankroll $85B/mn. a government simply unwilling to reduce it's voracious appetite. They also bankroll federal spending that is currently not on the books, such as the military open check book and MO's 5-star vacations.

    The FED currently purchases over 85% of freshly issued Treasuries.

    This will not end. There are very few buyers willing to commit funds with negative real interest rates to a government out of control.

    The ongoing Treasury auctions must continue with full funding at low interest rates, period. The FED will step in to keep the party going, there are no other options.

    S
    .....the price of silver has averaged approximately 29% annual returns since 2001, but the price rise has never been slow and gradual. Instead, there have always been periods which I call 'Bull Bursts', where the price of silver is flat, then starts to rise a little, which generates interest, which causes the price to rise more, until finally silver goes sky-high in an almost parabolic increase to between 200-500% of the initial price at the beginning of the Bull Burst.....smg

  9. #9

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    Quote Originally Posted by 3doors_down View Post
    Similar to giving GM a zillion dollars and then they report a profit. (Pats own shoulder)
    Except GM re-payed those $8.1 billion in loans back in 2010....

  10. #10

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    Quote Originally Posted by sumrtym View Post
    Except GM re-payed those $8.1 billion in loans back in 2010....
    The U.S. government plans to sell 40% of its General Motors stock within weeks and to sell the rest of its shares within 12 to 15 months, officials announced this morning.


    gm headquarters

    (Photo: Paul Sancya, AP)


    Story Highlights
    Will sell all GM shares in 12 to 15 months
    Company will buy back 200 million shares within weeks for $5.5 billion
    Buyback share price is $27.50, but U.S. needed $53 to break even on bailout

    The plan the U.S. announced today to sell its remaining 500 million shares of General Motors virtually guarantees a substantial taxpayer loss on the $49.5 billion bailout.

    The Treasury Department today said that it will sell all its stock in GM within 12 to 15 months and sell 40% of its stake within weeks, starting with a $5.5 billion deal for GM to buy back 200 million of its shares as soon as next month at $27.50 per share.

    The government would have needed about $53 per share for its 26% stake to break even on the bailout. The deal negotiated with GM for the 200 million shares will cut the U.S. stake to 19% but raise the price needed to break even on the remaining 300 million government shares to nearly $70.

    From last Dec.

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