GWR, some noteworthy points in the article. Unless this is just a media smokescreen, there may be some friction between central banks. To most of us, the FED lost its credibility long ago but it is nice to see it published in the media. Over the last few weeks, a few FED governors have openly questioned Bernanke's direction which is generally highly frowned upon. It is even more interesting that Hank and not Ben is going to Europe on Tuesday to discuss the market chaos with Trichet. If they fail to agree on the next step of intervention, the financial pillars will fall even faster causing gold's rise to accelerate. It is probable that Hank will be begging the ECB to hold off on raising their interest rate on Thursday in an attempt to prevent a USD rout.

Also, should this squabble between central banks be authentic then it could have an impact on the London-Europe-NY gold cartel. Considering the relentless buying pressure they have encountered over the past few months, their cohesion will be critical otherwise they will cede their suppressive control in short order.

All the best - VHF