Welcome Guest!
Thursday, 2018-01-18, 4:54 PM
Main | Registration | Login | RSS

Site menu

Tag Board

200

Our poll

Rate my site
Total of answers: 12

Statistics


Total online: 1
Guests: 1
Users: 0

Calendar

«  March 2011  »
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031

Entries archive

Blog

Main » 2011 » March » 23 » Gold and Silver Fed View.
9:47 PM
Gold and Silver Fed View.
With gold and silver still consolidating, today King World News interviewed Bill Fleckenstein, President of Fleckenstein Capital.  When asked about Fed Chairman Bernanke Fleckenstein stated, "He has been pursuing similar policies to Greenspan and their answer to everything is money printing.  They are oblivious to the fact that the excess stimulus they create helps precipitate the bubbles, which leads to disasters, which leads them to more money printing.  It’s really sort of shocking to think that these are all theoretically well educated men.”

March 22, 2011

When asked what to look for going forward for gold and silver Fleckenstein remarked, "I think it’s more of the same, more inflation, more watering down of paper money and a continuation of the trends that we have seen.  All of those things are going to be supportive of the price of precious metals.  I don’t see the central banks doing anything to retard that process.  I mean they are all terrified still of the phantom of deflation.”


When asked if he was surprised by the move in silver Fleckenstein replied, "I find it surprising in that why didn’t it go higher sooner?  So then it goes higher all at once, it’s kind of the nature of markets.  I have a hard time getting used to silver at $36, but gold at $1,400 is a price we haven’t seen a lot of either.  The policies that have been at work which helped to precipitate those price moves are still at work.  So who’s to say where these markets go?”


It will be interesting to see how the metals trade the rest of this week as gold and silver are both near recent highs.


Eric King

Views: 138 | Added by: kum01049 | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]