Monday, March 26, 2012

And He Flies His Chopper Again

"Helicopter Ben" announced today that operation "money drop" may need to continue. Should we be surprised?
Just 11 days ago I shared two charts, which are the best indicators of his flying endeavor. These dashboard instruments already showed last week that Ben may be gaining the altitude again. Both came to their respective supports and bounced, even before Bernanke's takeoff today.

10-Yr T-Note Futures
click on chart to enlarge

Gold Futures
click on chart to enlarge

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