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Message:: [QUOTE="InfleXion, post: 1522947, member: 29012"]There is no simple answer. Markets are complex. Bernanke said the unemployment situation is "grave" today so we got a bump in metals as the market interpreted that to mean QE3 is imminent and thus inflation is coming. We had a run up all week on anticipation QE3 would happen. The Euro is stronger because Draghi said he will do "whatever it takes" even though all he can do is monetize the debt with debt based money and impose austerity. As the Euro gets stronger and/or the dollar gets weaker things priced in the dollar get more expensive, since the dollar index is something like 60% compared to the Euro. QE3 doesn't even have to happen, as long as the promise is there then computer algorithms are in 'risk-on' mode and will pump the market with all the free money they get from the Fed knowing they will get bailed out if they lose it again. Total QE to date is $2.3 trillion, yet the Fed gave $16 trillion to the banks under the table during TARP. So QE is actually small potatoes in this financial system. It's more about reassuring the risk takers that they will not be penalized. I am not a trader by the way, but qsilver is and I recommend studying whatever he says that you want to get a better grasp on because he is on the pulse.[/QUOTE]