SILVER & GOLD the higher volatility the better the higher Ag & Au jumps -
Bernanke Speach Pretty Strongly Suggest More Accommodations Will be Forthcoming Posted on August 31, 2012 by News 31-Aug (USAGOLD) —
Gold is well bid in the wake of Bernanke’s much anticipated Jackson Hole speech. While there was a modest intraday retreat when the Fed chairman expressed concerns “that substantial further expansions of the balance sheet could reduce public confidence in the Fed’s ability to exit smoothly from its accommodative policies,” the market quickly snapped- back to set new highs on the day amid a broad consensus that more accommodations are on the way.
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