Wednesday, November 4, 2009

Ben'd Over Greenback

The dollar has actually had a trendline breakout in recent days and after pausing for a bit it had its rally cap on Tuesday. It did not last. And today when Ben and Co. said they were going to hold rates for the next 137 years (or until Chase refunds my fees) the dollar just simply tanked.

What is more fun is that gold is soaring while silver, though up, is far from new highs. Ditto platinum and copper.

Me thinks the market does not like the Fed's attitude.

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