Hard to understand why gold would be down. Every time the Fed doubles the money supply, inflation, your dollar is worth half. Inflation is a tax. Exactly how much is a Federal Reserve Note worth? No body knows, no way to measure it. The U.S. should print their OWN dollars, that would be better than gold, but every time these fake currency's(Fed. Res.) collapse everyone moves to gold right away, which doesn't help the GDP.