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Gold $1,020.00, Silver $21.00 can it be?.
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<p>[QUOTE="Troodon, post: 342775, member: 4626"]Don't eveny Bernacke's job at the moment... he is stuck between wanting to lower the interest rates to help ease the mortgage crisis and wanting to raise them to combat inflation. He's kind of in a lose/lose situation at the moment...</p><p><br /></p><p>If we could eliminate farm subsidies (good luck) and control goverment spending (yeah right!) it would certaintly make it easier for the Fed to use their tools to stabilize the economy.</p><p><br /></p><p>Nobody in Congress wants to do anything major while wondering about the election... both for the president and themselves... that might not stick under the next administration/congressional session, depending on who ends up getting elected. Be too hard to get it passed and could end up costing them votes rather than gaining them any.</p><p><br /></p><p>All this adds up to a lot instability and uncertaintly for a while. That's good for precious metals prices. I wouldn't be buying any stock in retail companies or banking companies for a while though.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 342775, member: 4626"]Don't eveny Bernacke's job at the moment... he is stuck between wanting to lower the interest rates to help ease the mortgage crisis and wanting to raise them to combat inflation. He's kind of in a lose/lose situation at the moment... If we could eliminate farm subsidies (good luck) and control goverment spending (yeah right!) it would certaintly make it easier for the Fed to use their tools to stabilize the economy. Nobody in Congress wants to do anything major while wondering about the election... both for the president and themselves... that might not stick under the next administration/congressional session, depending on who ends up getting elected. Be too hard to get it passed and could end up costing them votes rather than gaining them any. All this adds up to a lot instability and uncertaintly for a while. That's good for precious metals prices. I wouldn't be buying any stock in retail companies or banking companies for a while though.[/QUOTE]
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Gold $1,020.00, Silver $21.00 can it be?.
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