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<p>[QUOTE="JimOfOakCreek, post: 1405148, member: 33870"]The last time Bernanke spoke he reitterated that the Fed Funds Rate will remain low until "late 2014". He made that same statement previously in December. But as the economy showed signs of growth economists speculated that rates would have to be raised much sooner. After the December announcement by Bernanke PMs jumped. But later PMs dropped again due to that speculation on a rise in rates due to radid economic growth.</p><p><br /></p><p>The fact that recently Bernanke reitterated low rates until 2014 means that they will assuredly remain low for 2 years. This is fuel for inflation; which is fuel for PMs. No more speculation rates will be raised sooner. They are going to remain low for 2 years.</p><p><br /></p><p>That means PMs will be a great investment IMHO. I hold to my previous prediction. Gold will break through $2K before years end. JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="JimOfOakCreek, post: 1405148, member: 33870"]The last time Bernanke spoke he reitterated that the Fed Funds Rate will remain low until "late 2014". He made that same statement previously in December. But as the economy showed signs of growth economists speculated that rates would have to be raised much sooner. After the December announcement by Bernanke PMs jumped. But later PMs dropped again due to that speculation on a rise in rates due to radid economic growth. The fact that recently Bernanke reitterated low rates until 2014 means that they will assuredly remain low for 2 years. This is fuel for inflation; which is fuel for PMs. No more speculation rates will be raised sooner. They are going to remain low for 2 years. That means PMs will be a great investment IMHO. I hold to my previous prediction. Gold will break through $2K before years end. JMHO[/QUOTE]
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