In the News:
The Wall Street Journal

Portfolio Manager Axel Merk shares his view to the Wall Street Journal as 'Bernanke Jerks the Dollar Higher':

"The stock and bond markets are familiar locales for intense reactions to speeches by Fed chairman Ben Bernanke. The currency market, a bit less so until today, when Mr. Bernanke addressed dollar weakness directly, a rare event for a Fed chairman.
His talk where he mentioned that the Fed is attentive to the weakness in the currency, and its detrimental effect on inflation has boosted the greenback, although some wonder if the rally wont be another short-lived one. [...]
 
'They have no other tool than to talk big,' says Axel Merk, head of the Merk Hard Currency Fund. 'Right now he would like to have a stronger dollar but Im not sure hes going to get it.' "