Syria and Ben Bernanke

Finally, the Russian and American deal to damage Assads chemical weapons will give Mr Obama a «time out». But is it so easy? I hope so, but the list of what can go wrong is long, extensive and daunting.

What if Assads regime is hiding the chemical weapons stock? What if the international inspectors will be obstructed? Saddam Hussain played cat and mouse game with the international inspectors in 1991. The questions is: Do Mr Obama have a plan B? This case is not finish yet.

Tomorrow and wednesday, Ben Bernanke will have a very important speech. He sayd this on september 11; «Quantitative easing typically refers to policies that seek to have effects by changing the quantity of bank reserves, a channel which seems relatively weak, at least in the U.S context».

The meeting on 17 – 18 september will tell us whether the economy is strong enough to begin tapering $85 billion in monthly bond purchases. If so, they will use a forward guidance to try to convince the investors so they can keep the interest rates low and bring down the unemployment.

Thinking back in time, there is always something extensive and daunting things that could change the game in the market. Unexpected things can always happen and that is very often things that no other was thinking of. So what is the next big thing that will shock the financial market?

The world`s largest gold-backed exchange-traded fund SPDR Gold trust, had their biggest decline since Aug 1. Their holdings fell 0,66% to 911,12 tonnes on friday. Hedge funds and money managers have turned to a bearish sentiment for the first time in five weeks.

The gold price is 1314,80 right now.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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