BATS:IAU   iShares Gold Trust Shares of the iShares Gold Trust
It is clear that relation between the gold and the dollar is reversed. Chart shows that peaks of the precious metal almost 100% of the cases coincide with bottom for the dollar index . Recent trend for both started last September have opposite directions as well. However interesting pattern have recently occurred. The correlation (short term) is not negative anymore as dollar index consolidates in triangle shape unlike gold which continues its slide. Usually this pattern appears when extreme forces are leading the market as it happened with the historical record for the gold set Sept 2011.