Please note how that article is NOW attributing the rise in gold to higher Chinese interest rates and the flight to safety from Euro debt. How ironic since it was very recently that gold would get hammered when the Chinese raised their short term banking rates. And since when is gold now described as being a "flight to safety" refuge? LOL
But there it is, in black and white from - no less - the U.S. media. If you notice, gold and silver have staged a massive rally over the past few days, despite very weak equity markets. This is the "dislocation/flight to safety" attribute I've been looking for which will precede another big move higher in the price of the yellow dog and it's monetary cousin.
For everyone scratching their head wondering why analysts like James Turk and John Embry are calling for a big move in gold this summer, please re-read the above-linked article and understand that historically, gold has made its best moves when interest rates are rising. And rising not because economies are getting stronger, but because inflation is accelerating (money supply expansion = inflation) AND because investors are losing any remaining faith in sovereign-backed paper investments.