Could very well be,
One of the contributing factors
"on the charts" the USD looks strong into '06,
It'll probably hold up longer then the broad markets.
Towards 2007 the USD should be in some serious trouble
The Euro seems pretty well inverse of the USD
As for the $gold side.
I really don't like this new high, without the USD even near a new low.
Gold tends to be really volitile. I can easily see a continuing trend for the short term. But i suspect it's a bull trap
(I just sold one of my $gold juniors, so i'm bias) lol