Bernanke’s Non-Committal Speech Boosts Stocks & Gold

Fed Chair Ben Bernanke at the annual Fed Conference in Jackson Hole, Wyoming.

From Jackson Hole, WY, Fed Chair Ben Bernanke would neither confirm nor deny a third round of Quantitative Easing. What Bernanke did say was, a range of tools that could be used to provide additional monetary stimulus, the Fed will continue to consider those and other pertinent issues, including of course economic and financial developments, at our meeting in September, which has been scheduled for two days instead of one to allow a fuller discussion.

These comments sent Wall-Street up on the thoughts of QE3 arriving just in time for Christmas. It also pushed Gold higher moving back towards $1,800.  Wall-Street knows another round of QE will go directly to their bottom line. Gold is higher on the continued understanding that printing more money devalues the Dollar pushing it further towards bankruptcy.

My thought is as the economic recovery stagnates Bernanke will get nervous and pull the trigger on a third round. Once this takes place watch the droves that will run to Gold & Silver as a safe-haven for there financial health. Of course we recommend a conservative 10% to aggressive 20% of your net worth in a diversified Tangible Asset Portfolio. This should insure your financial future from the impending economic disaster.


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