Must Read

Economic and and financial news and analysis

Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Juked by Medicine

This still moment on the verge of spring equinox, industrial civilization is taking a rest from its travails of finance and economy. The creaking and groaning vehicle of world banking lurches forward with its latest patch, the Greek fix, but the explosive resignation last week of a Goldman Sachs executive director Greg Smith, posted as an op-ed essay in no less than the New York Times, afforded a glimpse into the dark place where…

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.

To continue reading, please click here…