Wednesday, April 27, 2011

AGQ up 8% on big volume spike

Silver is now up 4% on the day, this on the back of the Fed comments. I'm not going to get too excited, the press conference may dampen the short covering/buying enthusiasm 


Just watching CNBC aka Comedy Central or the Comedic News/Business Channel or Comedic Business Commentary: The Bernanke excitement is palatable. I wish they would have sent Rick Santelli (not Leisman) to press conference. 


Love Rick Santelli, Erin B asked him what would you ask the Chairman, he said" what would you tell an average middle class family making 50K a year and they see their disposable income going on higher commodity how would you explain the distinction between the economic definition of inflation and the fact that they are still spending the money on higher commodity prices". Why is the average american feeling much poorer. After that there was just Silence. 

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