Bill,
There are a lot of various sources citing that there will be a devaluation of the dollar with respect to gold in the near future. Many are saying that Obama has made references to FDR and this is what FDR did to reflate the economy.

It is amazing that GATA’s assertion of a suppressed gold price can be disregarded for so long then talk of "allowing" the dollar to revalue against gold can start to be the topic du jour. If the dollar is "allowed" to be revalued this is admission that the market is controlled and therefore manipulated. If the gold and currency markets were free there would be no possible notion of "allowing’ anything to happen….the market participants would decide collectively, not a few individual participants.

I am wondering if this is not the first signs of the Cartel hitting the wall as we have long predicted. If the Gold Cartel is about to lose control of the gold market because they don’t have any bullion left what a great ploy to put word out on the street that a big move up in gold is "intentional" so that they can still attempt to manage and manipulate the market in some sort of controlled retreat. The reality may be that the bomb is ticking and this is a really pathetic bit of propaganda. This may well tie in to the lousy action that we are seeing in JPM shares. The jig could be up.
Cheers
Adrian