Guys, read the news. Obama is not going to negotiate with republicans about raising the debt ceiling. So the ceiling will be raised up, or the government will not be able to pay its bills. Ceiling being raised up means massive money printing, gold up. Government failing to pay bills, gold will fly high.
... and then the Republicans won't allow the debt ceiling to be raised. It is a showdown. Who do you think will get more of what they want this time?
Anyways, pay attention to what is happening in Japan, intentional devaluation of the yen.