Leeb – Bernanke, Europe, China & The Surge In Gold & Silver
August 31, 2012
Today acclaimed money manager Stephen Leeb told King World News that he expects the Fed will in fact ease at their September meeting. Leeb also discussed the strong move in gold and silver, but first, here is what Leeb had to say regarding Bernanke and the Fed: “I think what investors clearly wanted to hear from Bernanke is that he’s ready to ease on monetary policy, and that he’s ready to open the floodgates again. That, combined with a much more docile Merkel, and news today that China’s copper demand might be a lot stronger than people think, and you really had a trifecta here today.”
Stephen Leeb continues:
“The Bernanke story is right in front of us. What he said, and he made this crystal clear, is the economy is very disappointing to him. He also used a very strong adjective to describe unemployment, and he stated he’s going to do whatever he can about it. The language he used, the adjectives he used, suggested he’s ready to do something, Eric.
That something is pumping up and putting more money into the system. So I think it’s clear, from Bernanke’s statement, that he probably will ease in September….