The Fed is stuck on a razor blade

Amen Phil...crazy times.

I would also recommend daily checks of the USD index, also found on near the bottom of the home page. Any multi-day break below 80.00 is reason to switch into crisis mode. No reason to wait for the BRIC to dump out first.

In the meantime, gold could drop further as all the traders cover their positions of ill not realizing the dollar is no longer a safe haven. Red pill anyone?