Before you panic, observe that this sell off was contrived:
http://www.resourceinvestor.com/pebble.asp?relid=40169
I think we'll find out there were more ECB sales this week.
Dollar strength against the Euro does not say anything about the underlying problem of inflation. If all the currencies making up the dollar index are inflating, what good is it?
Like gold, most of the indicators are being manipulated, including the dollar index. There may be a pull back, but none of the underlying problems are going away, if anything they're getting worse.
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