That is the market consensus view & gold in USD would normally go down with a stronger dollar. However I think we are going to see an unusual event in that gold in AUD terms goes up with a lower AUD & higher gold combining. With the majority of QE being pumped into equities & the market being short gold, turning off the tap by the FED should see equities struggle & gold will benefit as a result by short covering as we are seeing now & the market eventually going speculatively long. Physical demand has been incredibly strong & will slowly turn the sentiment in gold imo.