MLR - Bernanke's press conference - the dollar, money printing, and precious metals
During Bernanke's press conference which just ended, the dollar continued lower while precious metals (gold, silver, etc) headed higher. The general market headed higher as well. In other words, the market sees a continuation of devaluation, money printing, and rising prices.
SLV also just hit a pocket pivot for today, and GLD had a pocket pivot earlier today (as members received in real-time).
Thus, the intermediate top we saw in silver April 21-22 looks as if it may be short-lived as silver and gold look poised to continue their uptrends.
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