Tag: Bernanke

Gold & Silver Fall to 2010 Levels on Bernanke Comments

Gold & Silver Fall to 2010 Levels on Bernanke Comments

  SPOT MARKET gold and silver prices fell to their lowest levels since September 2010 Thursday, with gold dropping through $1300 an ounce during London trading and silver falling below $20 an ounce. Stocks and commodities also fell and the US Dollar strengthened after US Federal Reserve chair Ben Bernanke told a press conference that […]

Tug of War in Gold and Silver… Blame Bernanke for Recent Volatility

Tug of War in Gold and Silver… Blame Bernanke for Recent Volatility

GOLD PRICES hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and $22 respectively. European stock markets ticked higher by lunchtime – with the exception of Germany’s DAX – regaining some of yesterday’s losses, which were followed by sell offs in […]

Bernanke Disappointment Could See Gold Correct

Bernanke Disappointment Could See Gold Correct

WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning’s London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers in the US and Europe. Silver prices fell to $30.76 an ounce – in line with last week’s close – as other […]

Gold Saddled with Uncertainty Over QE

Gold Saddled with Uncertainty Over QE

WHOLESALE MARKET gold prices ticked lower Wednesday morning in London, dropping below $1580 an ounce, while stock markets and commodities were broadly flat and US Treasuries gained, as markets continued to digest yesterday’s testimony to Congress by Federal Reserve chairman Ben Bernanke. Like gold, silver prices also eased, falling as low as $27.04 an ounce in Wednesday morning’s […]

Gold Falls Following “Bernanke Curve Ball”, US “Lacks Credible Fiscal Plan”

Gold Falls Following “Bernanke Curve Ball”, US “Lacks Credible Fiscal Plan”

WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday’s Asian session – 4.8% down on this week’s high – while stocks and commodities also fell this morning and major government bond prices gained. On the currency markets, the Euro dropped back below $1.25 as the Dollar rallied, after Federal […]

Why Are Bullion Bankers Lying To The Media And Public?

Why Are Bullion Bankers Lying To The Media And Public?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On February 29, shortly after the massive inflation of the money supply in Europe, the prices of gold and silver were subject to severe price suppression tactics. The best reports I have seen are that at least 225 million ounces of paper silver contracts […]

Will Fed Chair Bernanke Answer These Questions?

Will Fed Chair Bernanke Answer These Questions?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On March 13, The Federal Reserve issued a statement in conjunction with its periodic meeting of the Federal Open Market Committee.  The first sentence reads, “Information received since the Federal Open Market Committee met in January suggests that the economy has been expanding moderately.” […]

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