Segment 1: Trading with the Greats SEGMENT BEGINS AT 00:41 A rules-based approach to trading has been economist/trading coach Jerry Robinson’s clarion call for many years. Listen as he shares seven important trading rules he has learned and adopted from three...
BERNANKE ROCKS THE MARKETS
Fed Announces Taper to Begin in January
The December FOMC meeting policy announcement has been issued: The Fed has decided to slightly scale back its gargantuan monthly bond-purchases by $10 billion per month. According to the policy announcement: The housing sector remains a problem; Inflation is still too low for the Fed’s taste as the Fed’s inflation target remains 2%, and anything below that number ”could pose risks to economic performance.” For the Fed, everything hinges upon an improved labor market outlook. Bernanke added that current political gridlock over America’s most pressing economic issues is “restraining” economic growth. (Fiscal policy vs. monetary policy ‘unbalanced.’) So what is Bernanke’s solution? It is what it always was: “appropriate policy accommodation.” (Translation: Perpetual easy money policies.)
Bernanke’s Speech in 90 Seconds
- Fed’s “Non-Tightening Taper” Slams Gold Prices. Gold drops below $1,200 for first time since June.
- Another leaked FOMC release? Gold, stocks moved dramatically a full 50 seconds before the FOMC statement was officially released.
- Jerry Robinson on the Fed Taper: “Yesterday’s taper by the Fed took me by surprise. However, if you read the full policy statement closely, you will discover that this taper is utterly meaningless, which partially explains why stocks roared higher immediately after the announcement.”
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Inside this Issue
“Profiting From the Coming Paper Money Collapse”
Those demanding higher wages for Walmart’s workers should consider the importance of low prices to Walmart’s customers.
TOM CLOUD: The Indian government dropped the gold tax from 10% to 6%, which will bring a flurry of new buyers into the gold market.
Mortgage apps are down 60% from 2013 highs.
Just for fun…
One CFTC official familiar with the matter said the discrepancy could be as high as $55 trillion…
Warren Buffett tops this year’s list with his wealth soaring by $37 million a day. (That’s $1.54 million per hour, or $25,694 per minute!)
The Algal Research Journal has documented the breakthrough, which speeds up a naturally occurring process to produce crude oil from algae from about a million years to just minutes.
U.S. Financial Markets
Real-time Gold and Silver Prices
Precious Metals Market Update with Tom Cloud
“World News Headlines That We Are Tracking”
It seems the U.S. espionage was aimed at both Russian nuclear weapons and its oil exploitation of the arctic.
“Our strategic posture is moving from reactive to proactive, we have a new defence policy.”
“If we are attacked, in certain circumstances we will of course respond with nuclear weapons.”
As shoppers swiped or punched in their numbers on the checkout keypad, the hackers copied every single number.
Learn how to protect yourself.
New York State Assemblyman Steve Katz sure has had a change of heart since he was busted for possession.
Seventy-two percent of Americans say big government is a greater threat to the U.S. in the future than is big business or big labor.
Broadcast Every Saturday Morning – Hosted by Jerry Robinson
Topic: While gold is down 25% in 2013, our P.A.C.E. Portfolio, which includes gold and silver, is up 16%, testifying to the power of diversification.Read Show Notes >>
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“Daily Investment Trends for the Savvy Investor”
“A Daily Stock Trading Idea for Short-Term Traders”
“A Daily Dose of Financial Wisdom from God’s Word”
“A man lacking in sense pledges and becomes guarantor in the presence of his neighbor.”