I'm just now listening to the Al Korelin/Greg McCoach interview, which McCoach gives a very plausible explaination on last weeks drop in gold. Definitely worth listeing to.

In the interview they state the Federal Reserve has nothing to do with the US Federal Gov't but that it's a private organization of which Morgan Chase is the largest shareholder! I never realized this and find it shocking that the Fed organized the sale of Bear to them without anyone batting an eye about the conflict of interest.