A real QE3 is around the corner. Then, Gold will take off.
LOL did they find more paper and ink?
A real QE3 is around the corner. Then, Gold will take off.
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The $2T Greek bailout will be funded by the FedRes/IMF ,, that IS QE3 ...
The current drop in gold is due to reason #3 ,, margin calls , selling for needed liquidity ... Margin requirements on commodities were pumped up right at the time all other assetts were falling and causing margin calls .. a guaranteed way to cause selling.
Sell your gold ,, or not ... doesn’t matter to me .. but this is an engineered shakeout ,, for the central banks to get a better buy-in price ,, that is all .