coupla things. first, dollar is being managed down to force China to loosen the wan peg. it has the added benefit of alleviating the trade deficit in general. next, a half point move is in the cards (at least one) -- not necessarily next one...maybe, or maybe after new lows in the dollar; after inflation realities become more evident. an added benefit is that bernanke establishes credibility this way. you can figure out what this would mean for your pet commodity. caveat: imho; subject to change pending unforseen events.
Gold to retrace $575 (XAU to 121) before it begins its next leg up to $1000 per Tom O'Brien at TFNN http://www.tigerfinancialnewsnetwork.com/ who was in gold in 2003 and called the recent top. I have been sucessful with his calls. You can listen to his several call-ins shows at the above link.
Yes and Yes, but in two quarter point increments. A full half point move would crash the market and ruin ben's credibility. Inflation realities are understated, and even with a half point move up, the real inflation rate is running much higher than published rates. Dollar Down. Gold up, eventually, unless the dollar is allowed to strengthen once china comes into line.