Seems like the question is whether the debacle over Cyprus is an effort to fix the world economy first by transferring money to the banks, then followed by austerity++ instead of money printing and QE. The price of oil is getting hit as well today so people are obviously thinking the economy is going to take a hit. If so, deflation not inflation arrives, currencies rise, and the POG will get hit. This rise in currencies will include the dollar if the US goes the same route, but if not the dollar will take a dip. The FOMC meetings will tell the tale tomorrow. The relative value of the dollar vs the other currencies therefore becomes secondary to the relative value of currencies in general in a deflating or inflating economy. Still, the POG is up a bit today, while pm stocks are generally slightly down. Expectation that the POG is about to correct, or just a delayed and hesitant reaction to the rise in POG? Ike