The Bernanke speaks today.................from Rico

The Bernanke speaks today.

Meanwhile the markets patiently wait for the Oracle to speak, and will afterwards try to read the entrails and determine what was meant.

Here is one thing to look for, the rest can pretty much be ignored and disregarded as the FED talking its book:

IF the FED stops paying interest on excess reserves (they'll say it will increase bank lending to the private sector), it will REALLY force the banks to buy more sovereign debt (what the FED and Treasury/read: USG want).
- This will make commodity prices skyrocket (including Gold) and further tank the USD.

What's NOT to like from their lofty perspective at 30,000 feet?