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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (16763)	4/4/2011 8:30:46 PM
From: cycleupcycledown	Respond to of 218816

Bernake speaks tonight...........NEW YORK: US stocks traded flat on Monday as investors appeared to take a breather from last week's rally and awaited a speech from Federal Reserve chairman Ben Bernanke. After opening with modest gains, the Dow Jones Industrial Average rose 23.31 points (0.19 percent) to finish at 12,400.03, while the tech-heavy Nasdaq Composite shed 0.41 point (0.01 percent) to 2,789.19. The S&P 500-stock index, a broader measure of the markets, advanced a scant 0.46 point (0.03 percent) to 1,332.87. "The lacklustre action comes as participants use today's lack of catalysts as an excuse for taking a breather following last week's strong performance," Briefing.com analysts said in a client note. In a week light on major economic and company earnings releases, Wall Street was focused on the upcoming Bernanke speech, expected at about 2315 GMT on Monday at a conference hosted by the Atlanta Fed. Bernanke has shown no inclination yet to pull back the central bank's emergency support of the government-led recovery, despite hints from other Fed officials that that could be possible. "It seems unlikely that he will provide any 'new' insight on his outlook for monetary policy," said Briefing's Patrick O'Hare. "Nonetheless, participants will be hyper-attentive to the Fed chairman's remarks at this time knowing that he helped launch this latest stock market rally with a speech last August in Jackson Hole that hinted at the likelihood of QE2 (quantitative easing)."

To: GROUND ZERO™ who wrote (16763)	4/4/2011 8:37:41 PM
From: rubbersoul	Read Replies (2) \| Respond to of 218816

My thinking is that everyone expects a rate hike from the ECB. So if they decide not to raise rates then the USD may rally a bit and bring the metals and probably the stock market down for a short while. But if they do raise rates then the dollar will continue heading down and gold will move higher. But either way, precious metals will move higher eventually. A 1/4 point rate hike ain't going to put a dent in rising inflation around the world and won't compensate for all that fiat being printed. They will continue to print. Heads up.<G> bloomberg.com