Saturday, 30 April 2011

Rick Santelli - Gold Rally is Thumbs Down for Bernanke & Fed

“I always like to let the market speak for themselves, I don’t get into any hot water that way.  Let’s put it this way, the gold and silver market activity, especially since it’s escalated since the Fed meeting on Wednesday, it has to be a thumbs down vote for everything our central bank is doing.  In essence it is moving away from the dollar specifically for reasons of not a good taste in its mouth regarding how this is going to fare for the continued value of the greenback against other stronger currencies.”

Listen to the full interview here:

- Rick Santelli via King World News Interview