Bernanke begins speech at The Economic Club of New York

Bernanke states that the economy has improved and sees continued improvement but setbacks may still exisit. The unemployment rate and lack of job creation has had a devestating effect on the ecomony and needs to improve for a robust recovery to exist. The Fed Chairman states that rates are to remain exceptionaly low. This may give the popular and profitable trade of shorting the US dollar and going long on gold futures contracts potentially more up side. The market remains up sharply after his speech.