The dollar and gold are often linked in investors minds. One trend may be coming to a close while another may be just beginning.

The rise in the U.S. dollar has confounded the greatest number of analysts and investors this year. The Capital Spectator notes that the of this trend may be in sight.

Yes, dollar-based assets still carry a sizable premium over their euro counterparts. But the prospect that the Fed may be nearing the end of its rate hikes, combined with an ECB that may be starting to hike, promises to be the new new thing in currency and bond trading rooms around the world. At the very least, the prospect of an ever-widening yield premium in the U.S. vs. Europe seems destined to end in the foreseeable future.

Despite the fact that gold has crossed $500 for the first time in quite some time, Mark Hulbert at Marketwatch.com does not see that much enthusiasm for the move in his proprietary sentiment indicators. Worth noting.