Yen slides, dollar dips vs euro on US auto bailout hopes
US could vote on rescue plan as early as Wednesday… BoJ’s Shirakawa comments on FX mkt weigh on yen

Dollar falls against the euro, gains against the yen… Hope of bailout for U.S. carmakers boosts sentiment… Risk aversion likely to remain for some time…

Gold surge fuelled by inflation fears… Deflation seen short-lived…  Platinum boosted, helped by auto sector optimism

Yes, I’ll admit it: I’m bearish on the stock market. I’m still concerned about sending more funds out into the market for one fundamental reason: Rampant energy inflation.

The feds have been hard at work pushing out $110 billion of ‘rebates,’ designed to help Americans do what they already do best – spend money that they never earned.