Bernanke's speech is out, and there's not much new in it, but it seems like perhaps people were looking for more hints of QE. And Bernanke offered no such hints.
So the dollar is on fire against the Euro and other currencies.
And gold is instantly diving.
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See Also:
- Nomura's Longer-Term Perspective On Gold
- CHART OF THE DAY: A Completely Random Correlation That Tells You Everything About This Market
- Check Out Frank Holmes' EPIC Presentation On The China Boom, And What It Means For Commodities