Gold and silver prices rose very sharply yesterday over the news of Bernanke’s testimony and Moody’s rating warnings over US debt concerns.
Today, The Labor Department says that weekly applications dropped 22,000 to a seasonally adjusted 405,000, the lowest level in almost three months.
The government says the total was increased by 11,500 state [...]
If I turned in a research paper using the Federal Reserve Chairman’s logic, I would be assured of failing classes and spending time in detention. Today, Ben Bernanke is warning Washington that they need to cut spending because the current direction of the debt is “unsustainable.” Yet, cutting spending in the short-term is dangerous [...]
In his press conference on April 27, 2011, Federal Reserve Chairman Bernanke dismissed inflation worries, stating that “Our expectation is that inflation will come down and towards a more normal level”. Should we believe him? Not if you want to preserve your wealth and here’s why.
Chairman Bernanke has a perfect record of making [...]
Gold and silver prices were giving back some of their gains Wednesday, a day after technical trading drove the metals up through key resistance areas, after Federal Reserve Chairman Ben Bernanke told the House Budget Committee that he expects swifter economic growth in 2011. George Gero, senior vice president at RBC Capital Markets, said that [...]
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