Gold and Silver get Clobbered
Bob Kirtley
13 December 2012
Well just shortly after Ben Bernanke had finished speaking the precious metals market felt a cold draft as both gold and silver prices were taken to the wood shed.
The Fed Chair announced another round of quantitative easing, QE4, to replace the Twist as it expires this month, thus continuing to purchase $45 billion per month of long-dated Treasury bonds.
QE4 was not a surprise, it was widely anticipated by most economists and financial observers, however, it looks not to have been the driver that many investors in the gold and silver sector had wished for.
We don’t expect this downward pressure to remain in place as this hit comes when the main trading session for the day had already ended. We do now need to watch carefully for indications of just which direction the precious metals will take in the short term, so tread carefully.
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Whistler Blowers, Insiders
This is not news. This is advertising.
This only shows how manipulated and full of crap the markets have become. No integrity, no real value. QE4, more worthless money printed full speed ahead and precious metals get clobbered? That shows direct market manipulation by the powers that be.
A BUY, BUY, BUY opportunity! The fools that are selling want worthless paper, LETS GIVE IT TO THEM!