On Ben's "statement" in Washington (as if he ever had something knowledgeable to say in a public hearing...
![Embarrassed :oops:](./images/smilies/icon_redface.gif)
http://www.zerohedge.com/news/gold-silv ... way-spread
It is an interesting pattern that a statement about "not more currency is printed" has an effect on gold being a commodity which should have little connection to currency at all. Still at the same time the stock prices did not dip much, which in fact do have a connection to currency and price.
To me it seems that:
a) the Fed has a vital interest in hammering down gold and silver prices
b) the Fed has a vital interest in not saying the truth anyway
c) the PPT may show some action here as well as the gold dropped substantially in a very short period of time.
Still one should remember one thing. Why would a sane person that moved out of paper currencies and into PM ever value this asset by the paper currencies he/she abandoned? Thus, the gold price is of little to no relevance it is more the weight.
An ounce is an ounce no matter what Ben says!