Happened upon Sir Plunger’s USD report over at the Market Oracle. Yet another fine report, and thank you Plunger for making this one (among others) public. Yep, the mighty greenback seems destined for a surge, maybe even to the Rambus target of 120. Most likely that’s not good for a rising gold price. Very bad, in fact.

http://www.marketoracle.co.uk/Article60688.html

In the short term, however, there may be a side current that will support a gold price rally, and that of course is the YEN-GOLD Bobbsey Twin pair. If the YEN and GOLD continue to move in the same direction, and if the negative divergences on the USDJPY are in fact indicating a top – at least for the short term – we should soon see a rally in the price of GOLD.