The American dollar is up and if you've been following along, you know what that means: the long ascending path of gold has stalled for a bit.
For the last several weeks, there has been a media campaign by the new administration of U.S. President Barack Obama to bring hope to American consumers.
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Fears fomented by long-term inflationary concerns over President Obama's huge stimulus package drove investors to gold as a hedge against likely devaluation of the U.S. dollar.
Historically, the price of gold has been intimately wed to the value of the U.S. dollar. This was not difficult to predict.
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gold above $1000 per ounce,
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