This post was just published on ZYX Buy Change Alert
A major move in gold and silver is possible in the wake of Bernanke speech this morning. At this time only Bernanke knows what he is going to say, everyone else is just speculating.
Depending upon what he says, there is potential of about $60 up move in gold and $125 down move in gold.
The much-anticipated Bernanke speech starts at 10:00 am ET at Jackson Hole. Headlines may start leaking out around 9:00 am ET. Will Bernanke announce QE3? If yes, what will be the size of QE3? Will Bernanke not announce QE3 but give a strong indication that in the September meeting the Fed will announce QE3? These are the main questions.
Paying subscribers, please stay tuned to the Real Time Feed where we will provide buy or short signal if one develops in gold, silver, or miners.
