I'll be ready to jump in as soon as the market responds to what they hear from BB.
I believe there really is only 3 topics he will talk about:
Rate increase won't change, ready to pull trigger when needed to fight inflation, no evidenve so far...
QE2 will go the distance, no need to end sooner.
Instead of QE3, he will do what they've been talking about on TV all morning.
If this is what transpires, then Silver will finish this correction in short order and then take the next leg up. We were due for a breather anyway,
If any remote possibility of QE3 is even mentioned then Silver is an immediate buy in my mind.
An unexpected rate increase would benefit the dollar and turn equities, oil and silver down.
Any contrary opinions out there?
What you stated is a great place to start for this discussion - but do not put it past Ben to twist the language/policy and come up with a way to deflate PMs and still maintain the easy money trade for the big banks.
If Ben remains firmly behind QE then it sounds like silver will continue to move higher (reasonable theory) but I'm suspect that a continued allocation of investment funds for gold/silver is desirable by those in control.
I'm anticipating a cheerleading session for the easy money trade - and to reaffirm that inflation does not actually exist (only in the pocketbooks of those purchasing gas or food does it really count). And that doesn't really matter because it is still classified as consumer spending. Ben doesn't care if you buy food or tickets to the opera as long as you spend.
If he takes a shot at metals then that means too much capital is flowing into, and or away from, desired asset classes as deemed by the elite. I give this messaging the best chance - I do hope he proves me wrong and surprises me... and is not defensive regarding maintaining QE and derivatives thereof indefinitely.
"ready to pull trigger when needed to fight inflation, no evidenve so far"
Oil corn wheat silver?
"If any remote possibility of QE3 is even mentioned"
That is the red herring arguement. The real question is if the Federal Reserve will leave the size of its bond purchase program unchanged.