Call it central planning’s Pavlovian reaction: the Chairsatan is speaking, which leads to an immediate plunge in the dollar. And as the flight to safety trade now means buy the dollar inversely with both hands, nominal assets benefit from the Bernank’s third mandate: Russell 2,000 to 20,000, at about the same time as there are 20,000 representatives left of the US middle class.
And yes, gold just hit another all time high.
Submitted by Tyler Durden on 03/02/2011 11:01 -0500
Source: ZeroHedge