Bernanke Explains Quantitative Easing

Gold is Going to be the Currency of Choice

"The inflation we will have to endure to get out of this situation will cause a lot of chaos, but I think that’s where we are headed. But whether we have inflation or deflation, gold is going to be the currency of choice. So far we have not seen much of a setback in gold, even if gold went down to $1,700. But we have to recognize that the selling (of any physical gold) right now are those looking for liquidity, maybe to buy food, who knows?

But the bottom line is we are going to inflate the world out of this debt crisis. All of these central banks stand ready to create more money. So I expect this pull back in gold to be short-lived. Draghi is pushing so hard for money printing because he doesn’t want to see the Europe descend into utter turmoil. That’s why gold will stay strong."

- Stephen Leeb via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/26_Post_Correction,_The_Upside_For_Gold_%26_Silver_Are_Enormous.html

Hoarder Dies - Kids Find $7 Million Worth of Gold

"A recluse died alone in June with only $200 in his bank account, but it turns out he was hoarding lots of gold inside his simple Carson City home – $7 million worth to be exact."

Wow this is a crazy story, all I can say is congrats to this man for keeping such a tight lip for so long. This just proves that the ultimate security for your gold and silver is to keep quiet and tell no one.

- Read the full story here:

http://sacramento.cbslocal.com/2012/09/18/hidden-treasure-found-inside-carson-city-recluses-home-7-million-worth-of-gold/

Bernanke Wants to Create More Inflation

"Bernanke said he was going to print for the foreseeable future with no deadline on it. What was lost in the shuffle was that he said he was going to continue this policy well after the economy recovered. Bernanke was actually saying that wants to create more inflation. That’s his goal because he wants people to spend now. The question becomes once it starts will he be able to stop it? I don’t think so."

- Stephen Leeb, via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/18_Chaos%2C_Inflation%2C_%2410%2C000_Gold_%26_Silver_In_Triple_Digits.html

Bernanke - A Gold Bug's Best Friend

"There was one thing, ONE THING only that Bernanke could do, to become a gold bug's best friend today, than merely announcing QE 3/4. It was to announce open-ended QE. This means this is the Fed's final shot and there is no way to frontrun the Fed any more by definition. It means the terminal start of currency debasement is now here. It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear. It also means that very soon stocks are about to realize what soaring "input costs" mean for the bottom line.

Thank you Chairsatan: you are truly a gold bug's bestest friend!"

- Source ZeroHedge, read the full article here:

http://www.zerohedge.com/news/bernanke-unleashes-path-new-all-time-highs-precious-metals

QE3 To Be Announced Tomorrow?

Stay tuned for a turbulent day tomorrow! All eyes are on the FED, in particular helicopter Ben. Why? Because tomorrow there is extreme pressure for the FED to announce QE3. If this happens gold and silver will likely rocket higher and make their journey to new highs by the beginning of next year.

But not everyone seems to think that the FED will announce a new quantitative easing program tomorrow. The experts are split down the isle. One notable expert that is staking a 99% chance that the FED will announce QE3 tomorrow is Michael Pento. He has even gone as far as to say that he will stake his reputation on it. This was said during a recent King World News interview.

Regardless of the outcome the market is going to get choppy tomorrow. If Bernanke announces QE3 tomorrow expect a huge spike in commodities. If he doesn't expect a sharp pull back.

Either way the long term picture remains gold and silver positive. If not tomorrow than in the near future the FED will be forced to announce additional money printing. The trend is your friend.

Gold and Silver Rally in August

"In what is usually a strong month for these commodities, the price of gold and silver rallied. Speculation about more money printing by central banks helped to spur interest in precious metals, which are regarded by many investors as a buffer against inflation."

- Source: Globe and Mail, read the full article here:

http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/gold-stocks-regain-glitter-for-fund-investors/article4534495/

Massive Short Squeeze Sends Gold to Seven Month High

"Total meltup panic and confusion in all but the US equity market where the INTC punch has sent stocks reeling, as an epic, Volkswagen-like short covering squeeze has taken the EURUSD up well over 100 pips in the past few hours (with technicals now running rampant as predicted three months ago), and where gold has now soared by nearly $40 on the day, sending it to just shy of $1740 and at the highest level since February. And all of this is happening without the Fed having announced QE, which it very well may not as it would then be seen as a largely political organization, or the ECB having bought a single bond under its restarted conditional monetization program, which paradoxically still needs Spain to crumble and demand a bailout before any of its bonds are eligible for purchases. In short: total centrally planned confusion, whose ultimate achievement will be to scare the last remaining non vacuum-tube based traders out of the market."

- Source: ZeroHedge, read the full article here:

http://www.zerohedge.com/news/central-planning-sends-gold-seven-month-high-eurusd-hits-128-massive-short-squeeze

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The Banker Wins?