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The Dollar Index fell to lowest since 2008 and Asian stocks rose after the Federal Reserve renewed its pledge to keep interest rates near zero to stimulate the U.S. economy. Silver, copper and oil jumped.
We are about two points this evening from loss of confidence in the dollar. We lost the last two points in the last two days. This means we are two days - at this rate - from loss of final support below which the dollar has never traded. How far will it fall below there and how fast will gas go up in price? I have no idea but from the time Bernanke's Fed announced their decision this morning until now gasoline has gone up by 5.6 cents/gallon, gold is up about $20 and silver is up about $3.50.
Originally posted by Vitchilo
This is what's gonna happen but it won't be the ``Arabs`` starting it... Bernanke already set things in motion... he wasn't very nervous for nothing at the press conference, he knows what he's doing :
You can bet on it.