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Silver deserves its own show. After nearly kissing $50/oz. in the wee hours Monday morning, only...
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Wednesday, April 27, 2011, 4:54 PM ETSilver deserves its own show. After nearly kissing $50/oz. in the wee hours Monday morning, only to fall 10% by day's end, the metal gets its tail in the air, +6.4% on the day. The rise started as the FOMC statement was released, pausing for a few minutes at 2:15 to make sure nothing hawkish was uttered by the Fed chair. SLV +6.75%.
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This news story has 7 comments:
Im sure we will hear from China right about......
Problem is, Tim has been working on his taxes, and not paying attention.
But the Bernank threw Turbo Tim Under the Bus at his Press Conference this week.
One might call that "Passing the Buck"
Pun Intended.
Bernanke is in charge of monetary policy, he is just saving the US from a liquidity crisis on treasuries....QE-2 was done to keep treasuries afloat....
As far as the Bernank having to use limited tools to offset years of Fiscal irresponsibility, you have a point.