USDX vs Gold 1972-2009

"Despite gold bugs’ insistence that an imminent surge is at hand, gold’s countertrend rally high remains $1007.20 on February 20th. The target for the currency decline is below $680. Silver too made a countertrend rally high at $14.68 (Feb 23). The current decline from this extreme should eventually draw prices beneath $8.39. The uptrend in the US Dollar Index should carry well beyond 89.62 high on March 4."
www.blackswantrading.com