Friday, October 15, 2010

Commodities, the Dollar and the Stock Market Respond to Bernanke's Speech

Well, theye've actually been responding for some time in anticipation.

But today, the Standard & Poor's GSCI Index of 24 raw materials rose 0.1 percent to 570.567 points, for a weekly advance of 1.1 percent. An eighth climb would mark the longest winning run since the 11 weeks ended Jan. 5, 1996.

Gold and tin climbed to records yesterday and silver rose to a 30-year high, cotton reached an all-time high today, and corn surged 19 percent in four sessions through Oct. 12.

Stock mutual fund flows, just this week, have gone positive, hitting a 17-month high in the process.

The U.S. Dollar Index has lost 1.1 percent this week.

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