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Helicopter Ben Speaks

Ranting Andy
|
Tuesday, July 17th

SilverSeek.com Comment Wire 

 

Another typical day in the land of “free markets.”  Under an endless crush of “horrible headlines,” stocks are simply not allowed to decline.  Of course, when Helicopter Ben speaks before Congress – as he did today in his bi-annual “Humphrey Hawkins” economic testimony – gold is viciously attacked, as if Bennie has EVER hinted of incremental monetary policy on Capital Hill.  Just yesterday, gold was a (capped) safe haven, but all of a sudden, it’s not.

 

But have no fear, the PPT cavalry is here to prove “we don’t need no stinkin’ QE” – at least the overt kind – and back up stocks go, “allowing” PMs to follow.

 

Andrew C. ("Ranting Andy") Hoffman, CFA

Marketing Director

Miles Franklin Ltd.

 

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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