Yellen will face Senate for confirmation
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — President Barack Obama will nominate Janet Yellento replace Ben Bernanke as chairman of the Federal Reserve, a White House official said Tuesday, in a move that many expect will result in a continuation of the central bank’s loose monetary policy.
Obama will introduce Yellen at a 3 p.m. Eastern ceremony at the White House Wednesday, the official said. Yellen currently serves as vice chairman of the central bank.
Stock futures SPZ3 +0.35% advanced Tuesday night after news of the impending nomination, following a session of sharp selling as the government shutdown continued.
If confirmed by the Senate, Yellen, 67, will be the first woman to run the Fed, one of the world’s most important economic posts.
To read this interview in full please click here.
With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.
Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.
As regular readers will know skoptionstrading has capped its membership, so the best we can offer you at the moment is a place you on the waiting list which you can do via this link, thank you.