Regardless of any near term rallies based on deflationary scares, over-valued foreign currencies or what have you, the US Dollar is sickly in the big picture. It is why I am bullish on gold in the big picture as an American. Now, I am not bullish on any major currency that denominates a nation (or group of nations) that depends on inflation as its primary economic driver. Therefore I am not big picture bullish on any other major currency. I have some Swiss Francs that my wife will be using on a trip to Europe soon, but they were just a tool to keep up with the Euro/USD Forex play. In the big picture it's all garbage in my opinion. None more stinky than the US Dollar. But the big currency picture begs one to be bullish on gold... period. Not in USD. Not in Euro. Not in Yen. Not in Zimbabwe. Not in Argentina. Just bullish.
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