PLAN REJECTED: Obama's Approval Rating Falls To All Time Low

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The big speech that was supposed to save Barack Obama's presidency was a flop, according to a new Bloomberg poll.

Obama's approval rating stands at 45 percent, the lowest point of his presidency, with a growing number of independents jumping ship.

62 percent disapprove of his handling of the economy, up 9 in six months.

Only 36 percent approve of his job creation efforts; 30 percent approve of how he's handled the budget deficit; 39 percent approve of how he's handled health care.

These rating all represent lows for his presidency.

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Gold Falls Back To $1819

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A big equity rally in the past hour saw a commensurate fall in gold. It's back to $1,819 after hitting $1,842 yesterday.

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As Gold Falls, The Dollar Roars Back

With gold futures now well below $1800, are investors fleeing back to the dollar?

EUR/USD hasn't fallen quite as significantly as gold -- and is still up from earlier this month -- but this may mark a return of confidence to American paper. Or it could just mean a lack of other alternatives.

The dollar has been slowly losing value against the euro all month, as investors contemplate the prospect of QE3. Expectations of a cheaper dollar have provided optimism to investors all year as the crisis in Europe deepens.

The dollar has risen enough in an hour to erase overnight losses on the euro.

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