To follow on from what I have interjected a few times over the past week or 3, gold is just above the Feb 09 and March 08 all-time highs yet $ is way way down on the early 09 value and around the same as early 08, a few months before it went wildly up.
On 5 year chart GLD GLD at Yahoo! comparing early 09 high to this month's all-time high:
RSI is down
MACD is down
Slow Stochastics down.
Discuss.
(BTW, $ rising...)