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Profitable Trade Setups for the Coming Gold, Silver and Dollar Reversals

May 2 2011, 10:00

FMX | Connect – www.fmxconnect.com - (Reported 5/2/2011)

Profitable Trade Setups for the Coming Gold, Silver and Dollar Reversals

By Seeking Alpha

Let us start with the U.S. dollar, which had a really bad week after Bernanke and with the Fed`s dovish stance towards inflation. The dollar is now near a three-year low at 73.11. Much of the dollar weakness can be attributed to Bernanke's style rather than substance, with his statement that there will be no QE3 due to the upside benefits being outweighed by the negative side effects of creating additional inflation in the economy. That is actually something new out of Bernanke, and completely missed by the market.

Last week the bulls were in control, and they were going to take advantage of some earnings momentum and light volume trading to push assets across the board to new highs. However, there were many who have already priced in the potential for QE3 to come in and support asset prices during the summer doldrums, and we now know that isn`t going to happen. For full article, click here.

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