Although there were gold buyers a-plenty today, they were fighting an uphill battle against an implacable, rampaging foe. The dollar has become an untamable wild horse, rampaging here and there without effective resistance.

Gas under $3 a gallon. Unemployment under 6%. Stock market breaking records every day.
No wonder Obama is so unpopular.

The rising dollar took a breather today, so gold got to skip up a small fraction. Oil, however, continued its death spiral, and now speculation centers around not whether, but when, crude will touch $70 or $71.