But the proof is in the raising of rates...
Talk is cheap.
And Gold has way oversold based on Bernanke hype and hyperbole in the media... But Oil has been from Missouri on the FED's resolve to drive down commodities...
Yet this isn't a matter of a little jawboning around the edges.
Saddly, Bernanke does NOT have a partner in the K-Street Kongress to assist in his efforts to defend the dollar and stabilized commodities markets...and he can't do it all alone.
Gold stocks are nearing their bottoms now...all of the newbies and hot money margin buyers have fled...in disarray. And they are woefully cursing their fates...just read the "message boards!"
Whatever Benenake does it will be too little and too late to stop at least some inflation in commodities from happening...based on a structurally weak dollar.
Any further drops in gold will be frosting on the cake for new buyers in the gold markets...
It's time to prepare a "wish list" and start nibbling at key shares on further weakness...
Let us hope for more selling...from the hot money and the shorts!
Sell 'em down good boys! The gold bugs are waiting till your done! No hurry guys! We've got a whole new paradigm ahead...so take your time and do it right.
