Comment: Tomorrow a Fed Knight speaks: M S Gibson, Director, Reg & Super

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Tomorrow a Fed Knight speaks: M S Gibson, Director, Reg & Super

Nov. 15, 2012. Uncle Ben, Royal Chair-monitor speaks.

Both of of their appearances are to be heralded by cliff dives. Gold & Silver option prices are on stand-by. The divers are ready. The metal prices 2% cliff dive today was immediately followed by the price going higher than before. The price rise surprised me.

Generally, the Fed must exhibit their "strong Dollar policy" (search: Rubin, US Treasury Secretary, "strong Dollar"). They take that to mean, it is their duty to support the Dollar with reoccurring Gold & Silver price cliff dives. "Price stability" seems to mean, "2% cliff dives" create Rubin's illusion of price stability... "Strong Dollar."

    What's Next? Items we expect to post to our web site over the next two months, including speeches, congressional testimony, Federal Open Market Committee material, and statistical releases issued less frequently than weekly. Meetings of the Federal Reserve Board and all statistical releases are shown elsewhere.

====================== Fed Calendar ======================
November 14 Testimony--Michael S. Gibson, Director, Division of Banking Supervision and Regulation Basel III
Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Washington, D.C., 2:30 p.m. ET

November 15 Speech-- Chairman Ben S. Bernanke. Housing and Mortgage Markets. At the HOPE Global Financial Dignity Summit, Atlanta, Georgia, 1:20 p.m. ET

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul