JDH Weekly Commentary "Bernanke Puzzled by Gold Rally"

[sunseeker]

Hi JDH

I read the “Bernanke Puzzled by Gold Rally” link too.
I would like to add to this your “Weekly Commentary” these words that I have posted before:

"Let me just have a word about monetarism and monetary control first. You all know full well that if you produce too much of something its value will fall; that's elementary. It isn't a new fangled theory; it is as essential as the law of gravity and you can't avoid it."
          Margaret Thatcher, 1980.

ATB 

[sunseeker]

Dear Mr Bernanke

http://www.bloomberg.com/apps/news?pid=20601039&sid=a4JyC8zMpSVU

“Have nations reached a “Keynesian endpoint” as exhausted balance sheets leave policy makers with few options to bolster growth? We’ve known for years that the Group of Seven nations were losing their ability to guide markets. Now, they’re losing hope of shielding economies from them.
As all hell threatens to break lose anew, are you going to buy stocks? Probably not. Bonds at a time when no one trusts credit ratings? Doubtful. Euro? Nope. Yen? Risky. Dollar? For many, the U.S. currency is the least ugly contestant in this financial beauty contest.
A question here is what central banks do. Many are sitting on too many dollars for comfort and upping gold reserves may be the diversification move of choice.
“I believe the biggest customer base will be Asia,” says Santer. “And if Ben Bernanke doesn’t see why then we have even more reason to worry about the global economy.”

Employment review….

It’s not too difficult to understand but you’ve not really got the hang of the job have you Ben?

ATB