Silver deserves its own show. After nearly kissing $50/oz. in the wee hours Monday morning, only...


Silver 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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Comments (7)
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    Don't forget, it's a bubble. Or, was that the dollar? Was there a sign behind Ben somewhere that said "screw the dollar"? I missed it.
    Im sure we will hear from China right about......
    27 Apr 2011, 05:19 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    The Bernanke said, the dollar was Turbo Tim's problem.

     

    Problem is, Tim has been working on his taxes, and not paying attention.
    27 Apr 2011, 05:23 PM Reply Like
  • valueinvestor123
    , contributor
    Comments (325) | Send Message
     
    Have to thank Bernanke for killing the dollar.
    27 Apr 2011, 08:45 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Yes, Perhaps,

     

    But the Bernank threw Turbo Tim Under the Bus at his Press Conference this week.

     

    One might call that "Passing the Buck"

     

    Pun Intended.
    29 Apr 2011, 07:15 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1608) | Send Message
     
    If you want to thank someone for the drop in the dollar, that would be emerging markets growth and Congress ineptittude to reduce the deficit....

     

    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....
    29 Apr 2011, 07:47 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Emerging Markets Growth does not erode the Dollar.

     

    As far as the Bernank having to use limited tools to offset years of Fiscal irresponsibility, you have a point.
    29 Apr 2011, 11:12 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1608) | Send Message
     
    Yes it does, 1980...emerging markets growth disminshes our GDP in proportion to the world, that makes the us dollar weaker, because currencies in those countries would start raising as new middle class formation appears.....
    30 Apr 2011, 07:42 AM Reply Like
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