Big Event This Week Isn't the Royal Wedding -- It's the Fed Reserve Chairman's First Press Conference. Ever.

Tomorrow, for the first time in the history of this country, the Federal Reserve Chairman will hold a press conference.  Ben Bernanke goes in front of reporters at 2:15 EST ... why that time exactly?  The markets close 45 minutes later, at three o'clock.

I don't know about you, but this has me thinking lots of things.  What will this do to gold and silver prices?  What's he going to say about interest rates?  And, isn't this a nice way of avoiding talking directly to Congress, under oath?

It's reported that Ben Bernanke is going to be doing these press conferences from now on.  Quarterly.

What are we to make of that, as well? 

Next thing you know, we'll have the Chief Justice of the Supreme Court having periodic photo ops with Q and As with the main stream media.  I mean really. 

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