In the News:
Reuters

Portfolio Manager Axel Merk tells Reuters his views on Bernanke testimony.

"  'The Fed is trying to be relevant. They know they're in a corner because there are still lingering inflation pressures but the economy is weakening, so they want to get their 25 basis point cut across. They are actually trying to prepare the market for a cut at the next meeting. It's impact on the dollar? Pretty hopeless.'  "