Sell Gold Before Bernanke’s Address Tomorrow

Here it comes, yet another chance for Bernanke to announce QE 3, and as has been precedent this year, another chance for him to disappoint markets. At his Jackson Hole speech, Bernanke stood pat by stating that the Fed was willing to help the economy, but was waiting to step in. But last Friday’s jobs report has put more pressure on Bernanke than ever . Though our unemployment rate dropped to 8.1%, it was another case of the government’s data being controversially reported , as fewer jobs were added. That combined with Mario Draghi’s willingness to step in for the EU has put a bullseye on Bernanke’s address to Congress tomorrow [for more economic news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: The Ultimate Guide To Gold Investing How Will Gold Perform During the Euro’s Make or Break Week Why Peter Schiff Urges a Return To a Gold Standard Top 10 Most Valuable Numismatic Coins of All Time How to Play a Republican Party Gold Standard Commission