The USD Dollar is not the only market that has received money flow. Gold has done well on this bull run after the pendant breakout a few months back in late September.
Everyone is expecting a slow down to arrive in 2006 to end the most recent 4 year economic cycle and I agree a slow down should be expected due to the Fed rate sitting near the 10y rate.
With every business cycle the signs of a maturing one are when metals outperform energy. I think that we should expect a correction of recent upswing from 455.50. It should come about in the next 4-6 weeks. By no means does this mean the gold bull is over. Simply that there is little to support the metal as far as seasonality goes. The Fall and Winter months provides ample bidding on the metal ahead of a cluster of holidays.
I think some profit taking is in order here. Maybe not enough to go short on as there is ample risk involved with all the fear mongering that is coming about right now.