Ben Bernanke, current chairman of the administration’s council of economic advisors, is President Bush’s nominee to succeed Alan Greenspan as chairman of the Federal Reserve. We believe will see more fine tuning of monetary policy with potentially negative implications for the dollar. We have extensively commented on Bernanke for over a year:


Axel Merk is the Portfolio Manager of the Merk Hard Currency Fund. For more information on the fund, go to www.merkfund.com