A strong dollar would indicate continued turmoil in Europe is creating a faster demand for dollars than the FED or President Obama ( if his words of wisdom tonite are inflationary) can print. Gold and Silver are a good hedge but in the short term the need for liquidity can be more urgent than the need for a hedge. translated - if you need money you will sell whatever you have to in odrer to get it. I think there is a good chance we will see silver ( more than gold) and a host of other commodities sell off in the near future as mutual funds and hedge funds rush to raise money. I bought back the ZSL I sold yesterday and still have all my EUO.