Oil, The Dollar & Gold

The dollar was up 15% in 2005 because oil is priced in dollars and oil was up big.
Iran plans to price its oil in Euros in March 2006.
Iran’s move would devalue the dollar.
A devalued dollar could destabilize the financial system: stock markets, banking, etc.
The Fed announced it will no longer report the money supply, M-3, in March 2006.
The Fed's decision to hide M-3 means it is about to be increased dramatically.
The Fed can “monetize” assets by “printing” more dollars to keep markets stable.
There is a strong historical correlation between M-3 and the stock market.
Historically, the stock market and gold behaved inversely – but this has changed:
The stock market is up because the money supply is supporting the market.
Gold is up because too many Dollars is inflationary and M-3 is going through the roof:
Over six weeks, M-3 is up $178 billion or 28% annualized.

My gold buys:

$428
$535