From jsmineset.com:

How much longer will this game continue?

As usual gold intraday action "predicted" Bernanke’s words quite well.

Regards,
CIGA Vivi

*Bernanke Repeats Fed Prepared To Act, Declines To Specify Steps
*Bernanke Reiterates FOMC Prepared To Ease Further If Necessary
*Bernanke Predicts `Frustratingly Slow’ Progress On Joblessness
*Bernanke Sees Slower Consumer Spending Growth In Second Quarter
*Bernanke Says Recent Economic Data Is `Generally Disappointing’
*Bernanke: Fiscal Policy Should Account For Fragility Of Economy
*Bernanke Says Controlling U.S. Deficits Should Be High Priority
*Bernanke Says Europe Officials Have Resources To Resolve Crisis

Vivi,

People actually expected some measure to stimulate in this presentation. That is foolish.

Emergency action comes with accepted emergencies. The US economy is heading into a major downward cycle. This will be obvious to all by September.

The limit of the BS from the Fed is in or before September.

Regards,
Jim