Every dog has his day, and today is Ben Bernanke’s.
He has long held that inflation will be transitory and his view is being upheld, at least this week.
Oil is on a $102-handle at the moment, now at $102.80, down $6.50 on the day.
Gold is at fresh session lows of $1488, down about $90 from the top…
CRB down an amazing 4.4%.
EUR/USD has broken 1.4600….
