It's not at all quiet on western front.

In spite of all the bearish news about Euro there is a high chance that dollar may actually depreciate against euro ahead of US deficit-reduction super committee’s Nov 23 deadline. We don’t expect committee to come up with the mandated $1.2 trillion in deficit reduction over ten years ,which will prompt the rating agencies [including Dagong of course] to lower their rating for US government debt. At the same time, central banks across the world continue to buy Euros and sell dollars to diversify their reserves despite Europe's intensifying debt crisis. Though this uncertainty is good for gold .Be careful, it is not at all quite on western front.

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http://www.google.com/hostednews/afp/article/ALeqM5jXMQEmlq2MVqVpWyHvIzqCKqvriA?docId=CNG.cb1bbd63a499aba14f4911eb18b21e8e.141