These posts were just published on ZYX Buy Change Alert
BERNANKE POSITIVE ON U.S., NO MENTION OF QE, NEGATIVE FOR GOLD AND SILVER
In the prepared text Bernanke is positive on the U.S. and does not mention QE. Unless he mentions QE in the question answer session, this is negative for gold and silver.
CHANGE IN GOLD AND SILVER BIAS
Gold and silver bias is now changed from positive to neutral in the very, very, short-term and negative in the very, short-term. This does not affect arbitrage trades but those trading gold and silver naked may take notice.
