For those long or interested in being long gold, the movement of the trade weighted dollar seems a close inverse approximation for price trend. It only seems logical that gold cannot do better until paper does worse. The economy is heating up. It's slowing down. No, it's heating up.
Inflation is dead.
No it's not, it's on fire. The news headlines on Bloomberg each day have become the definition of schizophrenia. Stocks rose as interest rate concerns abated. Stocks declined as investors fear higher interest rates. In fact in the early going, stocks and bonds didn't seem to give the number any heed at all.