With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point.

As gold continues to establish new record levels almost daily (currently above $1,070), oil has finally managed to cruise above the $75 mark thanks in large part to the beaten down dollar. Oil reached as high as $75.15 in midday European electronic trade on the New York Mercantile Exchange, and currently sits at $75, a gain of 85 cents.

Although they’re more volatile than Gold, if you can position yourself on the ‘right’ side of their dominant trend, investments in fundamentally sound Gold mining shares can be even more profitable than investing in physical Gold. Here’s a look at the major trend move underway in the Gold Bugs index, one of the most widely regarded indexes that scores of precious metals equity traders and investors rely on.

The Euro stopped at the resistance established in Friday’s report 1.4772 with amazing accuracy, a stop which was a signal that we are heading to areas below 1.47. And now, there is a resistance that combines the rising trendline drawn from 1.4566, and the falling trendline drawn from 1.4816, and is currently at 1.4725, if price stay below it, we are heading south.

The Euro is approaching at this very moment the bottom of the rising channel on the hourly chart, and in the same area we noticed an intraday support that has shown itself several times lately, which adds more importance to this level.

The euro broke above the rising trend channel for the first time, reaching a new high for this year at 1.4746, and leaving any expectation for a correction to start in these areas, in very bad shape.