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As the Dollar Rises and Gold Falls, Should We Get Ready for Fed Rate Hikes?

Maybe Mr. Market knows something the media is ignoring. That the jobs report dropping to 10% is temporary because of seasonal jobs for the holidays (Christmas), which will evaporate after Jan.15.

Longer term the Fed will take the dollar lower. Just remember back when Nixon and Connolly took the U.S. off of the gold standard and people were complaining about the drop in the dollar. Former Treasury Secretary Connolly said:" It might be our dollar but it is their problem". And I think this is still the mentality the Fed has.

What will it take to change this attitude? Probably anothe country
(trading partner) refusing to take dollars. So what happened the other day when India dumped dollars and bought gold in mass?
When China decides to do that the fact that 'The emporer has no clothes' will become apparent to all.

The Correlation Between Crude Oil and the U.S. Dollar

CLH is most probably correct. And De Graff is also correct the fundamentals of the dollar are changed. ( However,I would not say forever).
What happens to the dollar long term depends on our response to this crisis. If while they have the financial institutions jacked up with short term liquidity they put a firm foundation under it by creating a system that encourages saving and investment instead of gross consumption for it's own sake thing could return to normalcy. This also depends on us as a country creating a energyl supply that is both abundant and affordable. Without affordable you can not grow any country's economy
long term. This means that we probably need many forms of energy for our supply not any one particular alternative fuel. This is especially true in the short term.