A New Gold and Silver Boom Thanks to Bernanke
SAN FRANCISCO (Sept 19) Considering most analysts anticipated that Federal Reserve Chairman Ben Bernanke would announce Wednesday he was finally easing off the throttle of his bond-buying program, the markets were overcome with shock and awe as he declared he had no plans whatsoever to halt his massive and infinite quantitative easing effort.
The stock market ripped to new record highs after the announcement on the understanding that the drunken excess was going to continue. Yet gold and silver also surged as buyers realized the accompanying hangover that will most assuredly come will be even more painful than before.
Late trading Thursday had gold at $1,365, silver at $23.125, platinum at $1,466 and palladium at $715. See charts real-time at 24-hour charts at:
