What Bernanke Really Said, Or How The Chairman Just Lost Control Over Policy Again

Thursday, July 11, 2013
By Paul Martin

by Tyler Durden

“We don’t believe the Chairman’s intentions have changed. Regardless, the Chairman’s credibility is once again damaged. If the Dollar breakdown continues, it will be a sign that the market believes the Chairman has again lost control over policy. The asset clearly in the best position in such an environment is Gold. After such a notable correction in the past 9 months, the precious metal once again becomes a very attractive global asset if monetary policy in the largest economy of the world spins out of control.” - Mike O’Rourke

The Rest…HERE

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