It’s 8:45 and the US Dollar is DOWN big-time, 0.54 to 79.96 but gold is only UP $0.70. For those who proclaim that gold is all about the dollar, this action says otherwise. Personally, at this point, it’s all about the Gold Cartel manipulation (led by JPM) and the willingness to blindly follow the “painted” charts to the short side. Sooner or later, Sinclair will be right and gold will be a mirror image of the dollar’s plunge to the low 70s – and lower. But short-term, as in today’s action, the dollar is not causing a move in gold. Let’s see what happens for the rest of this short week.