"Gold mirrors the $US??? One might say at best that one is a trading IOU and the other is money. To say they are opposite only speaks for about 60% of the time....pic"

I have noticed the same, Pic. But isn`that exactly the way the mega hedgefunds/dark pools make their huge profits?

They are so big that they are capable to move the currency markets (let' s say the dollar market) in one unexpected direction and while doing so simultaneously assault existing positions in all other (smaller) markets by moving contrarian to the expected direction. Half way the process they change the direction of the currencies again, the smaller markets change direction too and their profits are confirmed.

This currency cartel is a cartel at the international level, not being supervised by anyone. Only the BRIC countries can break it and they better do it soon.