Consolidation may preface the next up move. Gold was off in the far East, but picked up in London trading and continued higher until the noon hour of the New York session on Monday, after which it pulled back from $930 to finish another lackluster day at $924.70/oz., down $1.20. Overnight, gold has been pushing higher.

Commodity prices eased this morning as the dollar rose as reports from the G7 meeting suggested countries would move to stop a dollar collapse. Good luck to them.