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Bernanke Speaks, the Gold Price Rises

IMG Auteur
Published : February 27th, 2013
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Category : GoldWire

You never know what’s going to happen when Fed Chief Ben Bernanke opens his mouth, but it wasn’t too much of a stretch to think that gold might have a big day today after the recent sell-off, part of which was driven by markets misinterpreting the central bank’s intentions last week. 

24hGold - Bernanke Speaks, the...

Much of last week’s sell-off was due to non-voting Fed hawks showing up in the January meeting minutes as if their opinions really mattered. Bernanke is setting the record straight today in that the pedal remains firmly affixed to the metal and he doesn’t see anything resembling an asset bubble.

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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