Bernanke Speaks, the Dollar Tanks

And here are some of  the inverse correlations

 UUP vs GLD

UUP vs USO

UUP vs SPY

UUP vs TLT-20 year treasuries and others going into the tank as Bernanke speaks to Congress

And Bernanke says the following about the possibility of QE3-one of the reasons the dollar in tanking,

 "The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support. The Federal Reserve remains prepared to respond should economic developments indicate that an adjustment of monetary policy would be appropriate."


Read: We still have tons of ink and cotton linen paper