Bernanke: Strong Gold Policy … My Foot

Well, there was no rise in interest rates just as expected … lol.

What was the result? Stock markets sold off and gold rallied. As mentioned in an earlier post, do not pay attention to what these guys say. Pay attention to what they do or do not do.

Is it time to load up the trucks? Probably not. It is time to get a little safe gold for these turbulent times. Not more than you can afford. Just a little to act as a slight insurance policy.

If I were a betting man (and I am), I bet we have a small rise in interest rates in July or August. The initial gold reaction, gold prices will drop. But, it is only temporary. At some point in time interest rates will begin rising and gold prices will rise right along with it.

Just one man’s opinion. Study, review the markets and make your own conclusion.