Realcent.org

This is a good sign for silver and gold.... they did not go down after that statement. Now lets hear what big Ben has to say;-)

So Ag is up a buck now. What does that mean?

I haven't had a chance to listen to it yet..I'll youtube it later. But a possible reason metals have gone up is that the markets don't believe what Bernanke said. The Fed doesn't leave much to chance, they do their best to either telegraph or not telegraph their intentions depending on the market reaction they desire. The one thing they can't control is whether the public believes what they say.

For instance, if the fed wants to raise interest rates, they'll drop hints several months in advance. If the public believes the fed will do what it says, the market will push interest rates up higher naturally, it becomes a self-fulfilling prophecy. Then the markets aren't spooked when the fed does raise rates. In our particular case here, the announcement should have pushed PM prices lower. The fact that the opposite occurred tells me the PM market either doesn't believe QE2 will end in June, or that once QE2 is finished we'll be looking at QE3.

We'll see, interesting times for sure.