Tag Archive for Term Outlook

The Bernanke Effect on Gold Prices, Silver Prices Means Time to Buy Metals

Gold prices hit a two-month low Wednesday after the Federal Reserve indicated no new stimulus measures would be issued, and silver prices slumped to a seven-week low.

The metals fell after the Fed, led by Chairman Ben Bernanke, announced a positive outlook on the U.S. economy. The Fed reaffirmed it would hold interest rates near zero through 2014, and failed to mention any more means of stimulus.

Without more Fed steps to stimulate growth, and with more positive U.S. economic data, investors expect the dollar to strengthen which puts downward pressure on gold and silver prices.

But the long-term outlook for gold and silver is the same, and investors should instead take the Bernanke Effect as a key time to buy metals.

“This should be treated as an opportunity to buy, or if you already own but feel you don’t own enough, to accumulate,” said Money Morning commodities and mining expert Peter Krauth. “These two precious metals remain in a secular bull market and are integral to every investor’s portfolio.”

The Bernanke Effect on Gold Prices, Silver Prices

After Tuesday’s Fed announcement, gold for April delivery fell $51.30, or 3%, to finish at $1,642.90 an ounce. May silver slumped $1.40, or 4.2%, to $32.18 an ounce.

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What Fed Does Now Could Skew Longer Term Cycles

The following is an excerpt from the Wall Street Examiner Professional Edition Long Term Outlook Update. The link for subscriber access to the full report with 13 pages of charts, analysis and conclusions is below. For the past several years I have alluded to the similarity between this market and the 1969-71 period. That market…

Long Term Outlook- Professional Edition

The outlook remains consist with that posted in recent months with only incremental progressive changes that could lead to a shortable top by September. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful,…