Americas Silver Corp fka USAPF

[permabear]

We should all send Bernanke a thank you gift. There is no better friend to this stock or the value of precious metals than Ben Bernanke. All these Wall Street gurus were saying that the Fed has to tighten monetary policy in response to this great, sustainable economic expansion and rising inflationary pressures. Not to be. Ben Bernanke continues to fight the bogeyman of deflation. He is following the model of Franklin Roosevelt who devalued the dollar against gold in an attempt to reflate the economy. Ben Bernanke will continue these policies until oil reaches a danger point again. Maybe the 2008 highs of $147 might get him to take his foot off the accelerator pedal.

I admit I thought a correction was imminent with $50 silver a tough resistance point. After this latest show Bernanke put on, I don't see a ceiling for precious metals, until like I say oil and gas prices become too painful for even Bernanke to ignore.