Save haven buying in gold and the US dollar will likely happen at the same time for a while. The smarter players will be buying the gold and the slower ones still buying the US$s.... for now, anyway.

Europe looking very shaky now so would expect to see US$, Yen and gold strong simultaneously. Don't know what is going on in Eastern Europe right now but it doesn't look like it's going to have a happy ending to me....

Can the ECB crank up the presses and bail their cousins in the East out or will the politicians sit around bickering and watch the whole lot go down like a pack of cards?