You have to respect the power of the Federal Reserve when just a statement can turn the entire stock market around in a day. Yesterday, the Fed admitted the economy was not good and in a statement said, “. . .downside risks to the economic outlook have increased.”
Because the economy is tanking, the [...]
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 [...]
When is the best time to buy gold and silver? When the prices are pulling back. What do most people do when buying gold and silver? They buy when the prices are taking off.
It is this mentality that I wish to “re-frame” in this article. The time to buy gold and silver is [...]
Despite an end to the four-day rally for gold prices, gold is still set for a 0.4 percent rise this week. That brings the gains for the month to 0.7 percent. Although gold prices remain nearly 2 percent south of early May’s record highs, I fill the stagnant prices bold well for gold.
Spot [...]
Peter Schiff explains how to ride out these economic hard times:
“It’s very simple. The fed is giving us a clear road map. My investment strategy is based on the Fed continuously doing the wrong thing. So far, every time I have voted on the fed doing the wrong thing I have never been disappointed [...]
Spot market prices for gold bullion continued to fall Wednesday morning, dropping to $1533 per ounce – a 0.6% loss on the week – while stocks and commodities also fell and US Treasuries rose following Tuesday’s speech by Federal Reserve chairman Ben Bernanke. Silver prices also fell, falling to $36.17 per ounce – a [...]
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