I see a rejection with big candlestick upper shadow on the dollar today at 78.8 and a lot of support for gold around $1,075.

Much, much stronger resistance on the dollar clustered at 80.5 which would perhaps correspond with gold retesting the 2008 high around $1,030.

Below that and we are looking at a much longer gold correction than I was expecting.

I note that neither platinum, palladium, nor copper have sold off to any significant extent in the last two days. From the July 2008 - December 2008 deflation scare in all things tangible, platinum, palladium, and copper fell first and fell further than gold and silver.

Hysteria