This was a stop run, pure & simple. There is no other way the big boys can buy in large quantity without spiking the price. GS call to short gold was a helping hand. Equities & the USD went nowhere
I still believe gold will test previous highs soon.
Where I differ in opinion from your good self is the direction the USD will take.
For me, the USD has commenced a downward move however it will not gain downward momentum until the Yen bottoms. The Euro, Pound, Canadian dollar have all turned. The Yen is yet to do so but when it does I think the USD is heading to the mid to low 78's for a bounce and then likely turn & test the 2011 low's
Equities are really in overbought territory......still, the $85 bill has to go somewhere and my pick is commodities, with/then PM's.