Wednesday, October 9, 2013

Obama to Announce Janet Yellen as FED Chairman

The WSJ is reporting tonight that Obama is set to announce ultra-dove Janet Yellen as Ben Bernanke’s replacement as Fed Chairman(woman) in a Wednesday afternoon press conference.
While gold and silver have not even blinked on the news in overnight Globex/Asian trading, don’t be fooled: a Yellen nomination is MASSIVELY bullish for the metals, as Yellen’s ultra-dovish monetary policy is likely to make Helicopter Ben’s reign look like Ebenezer Scrooge has been running the Fed the past 8 years.

- Source, The Silver Doctors:

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