Rocket man – the phenomena you mention about large caps is a bearish sign. I mentioned this in my post on May 10th in my blog as a reason to sell your stocks. When the Dow starts out performing the S&P 500 it is a reason to start looking for a sell spot.
The dollar does have an indirect relationship to Gold. The point of that section of my newsletter was just watching inflation keeps your analysis much simpler, and the straight correlation is better. KISS is very valuable in investing.
