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Author Topic: Bernanke Presser  (Read 2257 times)

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Offline Libertas

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Bernanke Presser
« on: April 27, 2011, 01:49:52 PM »
WTF?!

http://www.bloomberg.com/news/2011-04-27/fed-says-pace-of-u-s-recovery-is-moderate-bond-buying-will-end-in-june.html

Why did a Fed Chairman have to have a first ever presser to deliver such mundane news?!

Something isn't kosher here...any Fed flunky could have done this...what is the Chairman hiding?!
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Offline michelleo

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Re: Bernanke Presser
« Reply #1 on: April 27, 2011, 03:49:34 PM »
I think this is part of the recently announced regularly scheduled pressers that the Fed will be giving.
The results of the presser are anything but mundane:

Dollar Index: -0.567% value at 73.319
Gold: 1527.20, up 20.10 today
Silver: 47.78, up 2.18
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Online Pandora

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Re: Bernanke Presser
« Reply #2 on: April 27, 2011, 03:58:09 PM »
The most of Rush's show I heard today was the last 15 minutes in which he informed the audience he was taking the next two days off to "get to bottom of things.  Folks, we're being lied to".

 ::whatgives::
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Offline Glock32

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Re: Bernanke Presser
« Reply #3 on: April 27, 2011, 04:40:49 PM »
I'm starting to worry that Rush is working on setting up the foreign refuge he has often jokingly referred to. I wouldn't blame him either. If I had the resources to do so, I would. We're on the precipice of bad things here.
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charlesoakwood

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Re: Bernanke Presser
« Reply #4 on: April 27, 2011, 07:16:10 PM »
Quote from: Pandora on April 27, 2011, 03:58:09 PM
The most of Rush's show I heard today was the last 15 minutes in which he informed the audience he was taking the next two days off to "get to bottom of things.  Folks, we're being lied to".

 ::whatgives::

Had the opportunity to enjoy his show today.  Less histrionics and on point for 3 hrs.  What time was that presser?
 




« Last Edit: April 28, 2011, 10:09:07 AM by Charles Oakwood »
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Offline Libertas

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Re: Bernanke Presser
« Reply #5 on: April 28, 2011, 07:06:21 AM »
Oh, but core inflation is being held in check, so says the FedHead!

http://finviz.com/futures_performance.ashx?v=16

 ::speechless::

Enter the real world!

In one day silver bounced up 5%.  Yeah, all is well...

 ::lalanotlistening::
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Offline Libertas

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Re: Bernanke Presser
« Reply #6 on: April 28, 2011, 07:11:50 AM »
Quote from: Charles Oakwood on April 27, 2011, 07:16:10 PM
Quote from: Pandora on April 27, 2011, 03:58:09 PM
The most of Rush's show I heard today was the last 15 minutes in which he informed the audience he was taking the next two days off to "get to bottom of things.  Folks, we're being lied to".

It was around 2:15 Eastern, it roughly jumped up about $10 after that and leveled off.  Silver jumped about a $1 in that same span.

Obviously, in general, people know well enough not to buy his narrative on face value!
« Last Edit: April 29, 2011, 12:10:25 PM by Libertas »
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Offline Libertas

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Re: Bernanke Presser
« Reply #7 on: April 28, 2011, 08:10:51 AM »
And GDP takes a dip.

http://anasdaq.econoday.com/byshoweventfull.asp?fid=446912&cust=nasdaq&year=2011#top

I wonder how much lower ti really is...it always gets revised lower as of late...

Obamanomics, misery for everyone!  Come get some!

Oh, and jobless claims are up!  Woo hoo!  Is this economy humming or what?!

http://www.nasdaq.com/markets/us-economic-calendar.aspx

Can't wait to see what the market does...

 ::unknowncomic::
« Last Edit: April 28, 2011, 08:12:56 AM by Libertas »
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charlesoakwood

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Re: Bernanke Presser
« Reply #8 on: April 28, 2011, 10:12:38 AM »

That image I posted is a "live" image.  Check it out at Libertas quote.
It's been replaced with this one:



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Offline Libertas

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Re: Bernanke Presser
« Reply #9 on: April 28, 2011, 02:19:27 PM »
COMMODITIES
 NAME  LAST  CHANGE  % CHANGE 
Gold  1,535.30  +18.20  +1.20% 
Silver  48.53  +2.54  +5.52% 
Light Sweet Crude Oil  112.87  +0.11  +0.10% 

And the beat goes on...
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charlesoakwood

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Re: Bernanke Presser
« Reply #10 on: April 28, 2011, 02:48:47 PM »

Libertas, you might want to change the image url in the quote.
It is a "live" quote. Check it out.

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Offline Libertas

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Re: Bernanke Presser
« Reply #11 on: April 29, 2011, 06:52:29 AM »
Which post #?
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charlesoakwood

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Re: Bernanke Presser
« Reply #12 on: April 29, 2011, 10:33:43 AM »
#6

It's still going.
Kitco says it's ok to post their images as long as they are credited. "Live" one's too?
That live quote would be a nice header for the economy thread.

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Offline Libertas

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Re: Bernanke Presser
« Reply #13 on: April 29, 2011, 12:12:11 PM »
I pulled it.

Yeah, having a few graphs locked at the top of the Economy thread would be cool.  Wonder if Kitco (or anybody) would go for that?  Free advertising!
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Offline AlanS

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Re: Bernanke Presser
« Reply #14 on: April 29, 2011, 04:19:05 PM »
I was just waiting for Mr. Chairman to announce he was authorizing a full audit of the Fed. ::hysterical::
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charlesoakwood

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Re: Bernanke Presser
« Reply #15 on: April 29, 2011, 08:57:00 PM »

http://www.kitco.com/charts/livegold.html

Bottom of page:

Redistribution Notice: Kitco charts may be reproduced and redistributed in any print or electronic form provided that "www.kitco.com"  is indicated as the source.
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