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Wednesday, February 8, 2012 - 1:53pm
ETFs For QE3: More Than Just GLD
Comments by San Francisco Federal Reserve Bank President John Williams today serve as a reminder that another round of quantitative easing remains at the Fed's disposal should the U.S. economy start to falter. Williams appears to be a fan of buying mortgage-backed securities, but how many fans will...
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Friday, January 27, 2012 - 1:34pm
$60 SLV and SIVR in 2012?
If you own iShares Silver Trust (NYSE: SLV) or ETFS Silver Trust (NYSE: SIVR), or have thought about investing in SLV or SIVR, Federal Reserve chairman Ben Bernanke made two important announcements during a press conference Wednesday that should boost your confidence in the volatile ETFs. 1....
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Thursday, January 26, 2012 - 12:31pm
Despite Fed Action, Dollar May Strengthen
The US dollar continued its selloff on Thursday, dropping to near $79 in the continued wake of the Fed's statement on Wednesday. With the Fed promising to leave interest rates near record lows for years, the dollar may have little strength in the coming months. Precious metal bulls may have...
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Wednesday, January 25, 2012 - 3:26pm
Fed Slams Dollar With Interest Rate Promise
On Wednesday, the Federal Reserve did something historic: they released guidance. In the Fed's January statement, the FOMC kept rates at 0.25%—a move that was widely anticipated. In August of 2011, the Fed announced that it would keep rates near zero until mid 2013. The Fed revised that on...
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Tuesday, December 13, 2011 - 3:55pm
FOMC Statement Kills Rally, Brings Out Sellers
On Tuesday, the Federal Reserve released its last FOMC statement of the year, killing a 100 point rally in the Dow in the process. Although the Fed statement was a tad bit more optimistic than normal, in these strange financial market times, this is being interpreted as bearish. The reason? The...
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Tuesday, December 13, 2011 - 9:34am
Will the Fed Destroy Your Portfolio Today?
At 2:15pm, the Federal Open Market Committee will release a statement from their meeting today. If you would like to be alerted to the contents of the Fed's meeting as they come out in real-time, signup for a free trial of Benzinga Pro's premium news service. Expectations are low, with most...
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Friday, December 9, 2011 - 10:33am
Trade Deficit Narrows, Bernanke's Plan Working?
On Friday, US trade deficit data for the month of October came in lower than anticipated. The balance of trade printed at negative $43.5B, less than the $43.9B that was expected. This may lend credence to the possibility that the Federal Reserve's plan is working: that is, a weakening of the US...
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Wednesday, November 2, 2011 - 2:48pm
Bernanke: Growth Will Be Frustratingly Slow
It appears Ben Bernanke is both Master of the Universe and Master of the Obvious, all at the same time. In a press conference Wednesday afternoon, Federal Reserve Chairman Ben Bernanke announced that he is unhappy with the rate of growth — or lack thereof — in the American economy. “The pace of...
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Wednesday, November 2, 2011 - 1:36pm
QE3 Will Kill the Economy
If you told me that Ben Bernanke was a robot, sent from the future to destroy the United States, I would probably believe you. Then again, I expect robots from the future would be competent, which all but excludes Bernanke from consideration. If you followed the Federal Open Market Committee's...
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Wednesday, November 2, 2011 - 12:04pm
Why We're Getting QE3
We just got the full statement from the FOMC and there were no changes, except one major one. We went from three dissenters to one. The one was a dove, Chicago Federal Reserve President Charles Evans. Evans said that he was in favor of additional easing, which shows that Evans is a bigger dove...
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