In This Issue..
* Oil surges to a three month high...
* Bernanke is confident US consumers will spend again...
* RBA keeps rates on hold...
* Silver outshines Gold...
Good day... When you have been in this business as long as I have, certain patterns become apparent; and one of those patterns showed back up yesterday. In the 20+ years that I have been working with Chuck, it always seemed the currencies rally whenever Chuck spends a week or two away from the desk. We call it 'Chuck's vacation rally'. Yesterday we saw the dollar drop and the currencies bounce back up beginning what looks like another leg in the long term trend....