What Happens To Gold And Silver Next? Look Out Below?

A couple things to clear up some misinformation:

Fed Chairman Ben Bernanke is not looking to keep his job. He has announce he will be stepping down at the end of his current term which will end January 2014. (This is his second term, he was originally nominated by President Bush in 2006) The big news at the Fed besides when they will start to taper their bond buying program is who will replace Bernanke next year.

The next phase of the Affordable Care Act goes into effect January 1st, 2014. That is when people will be required to buy insurance or pay a tax of $95 per person or 1% of family income. That tax won't be collected until you file your taxes in 2015 and the IRS is not allowed to garnish your wages if you refuse to pay the tax. The only enforcement tool they have to collect that tax is to deduct it from your Federal tax refund if you have one. October 1st is the day when individuals are allowed start shopping for insurance on the state exchanges see the price of various options and what subsidies they are eligible for. While the exchanges are scheduled to open on October 1st, 2013; the policies will not go into effect until January 1st, 2014.

I expect Fed policy on tapering bond buying to effect the PM markets but the Affordable Care Act will not. The Affordable Care Act is a known item that was priced into the market back when the Supreme Court refused to strike it down.

Understandable. Who wants to be the poster boy during a possible collapse.


As a courtesy, the president is presented with a list of predetermined candidates with an x marks the spot choice.The Fed is private entity and doesn't answer to nobody as Greenspan freely admitted to Charlie Rose.


Logic would support that but if you read the actual FOMC minutes, it seems it might be the opposite;

"While a range of views were expressed regarding the cumulative improvement in the labor market since last fall, almost all Committee members agreed that a change in the purchase program was not yet appropriate. However, in the view of the one member who dissented from the policy statement, the improvement in the labor market was an important reason for calling for a more explicit statement from the Committee that asset purchases would be reduced in the near future. A few members emphasized the importance of being patient and evaluating additional information on the economy before deciding on any changes to the pace of asset purchases. At the same time, a few others pointed to the contingent plan that had been articulated on behalf of the Committee the previous month, and suggested that it might soon be time to slow somewhat the pace of purchases as outlined in that plan."

The Committee decided to indicate in the statement that it "reaffirmed its view"-rather than simply "expects"-that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.

http://en.m.wikipedia.org/wiki/Quantitative_easing

I swear most of you all talk about is quantum easing as if it controls all aspects of ones investment lol....

Take five and read and ABSORB the definition lol....

This all one needs to know-QE is nothin more then big banks STIMULATING the economy supposedly....

We all know when economy stimulates up in theory-PMz go down....

QE comes to end-PMZ GO BACK UP, just that simple or did I miss somthin along the way lol....

That is opposite of conventional thinking. The whole theory for the massive spike in PM prices back in 2009/2010 was that quantitative easing (QE) by the US Fed and other reserve banks would cause massive inflation and the decline in purchasing power of paper money. So the ending of QE programs should cause a reduction in inflation, strengthening of the dollar, and a decline in PM prices.

He can try and claim that all he wants, its Washington. EVERYBODY answers to people and its all politics. Even the Supreme Court over all is just another political wings now. Theres no such thing as an independent anything in DC

No, I have to disagree with the gentleman Mr Baseball.

The Fed is free to do and does what it wants on its own. It cares very little about DC and presidents are beholden to the FOMC.

Look at how Paul V ran the show despite what Jimmy Carter wanted. Other presidents have had to either back off, plead, beg or accomdate the FOMC.

So I agree that the Fed answers to no one. Not even Congress wants or dares to tell them anything.