“Geithner said he was “quite open” to China’s suggestion of moving toward a currency system linked to the International Monetary Fund’s Special Drawing Rights (SDRs), a basket of dollars, euros, sterling and yen, as a super-sovereign reserve currency.

That hit dollar sentiment as it could mean countries selling large portions of their dollar reserves, highlighting the use of gold as a hedge against the U.S. currency, analysts said.”

Comment

But then Geithner said dollar would be the reserve currency for a long time and gold sold off a bit…

Why doesn’t this fellow at least put on a pair of spangled tights in advance. Then we’ll be sure to keep in mind it’s a high-wire juggling act and not any kind of responsible Treasury.