So the fed has some problems, any real measure of the economy shows major contraction.

It needs to start QE3 but the people say a big NO...so hit their 401k's with volatility and scare them into begging for QE...HAPPENING NOW but people not scared enough yet, i think they will be soon.

It needs inflation to show lower, So smack commodities and gold and silver to print lower [fudge] inflation numbers so the printing[QE] is accepted. This smacking also acomplishes taking some from the metals market never to return, probably should not have been in anyway.

Then come out with this following the timeline to QE3....all a game.

http://www.reuters.com/article/2011/09/29/us-usa-fed-bernanke-idUSTRE78R5QK20110929

Large money printing in the future once all the balls are in place. Qe to infinity is the answer under whatever program or name or sterilization method is used. Gold likely to go down when announces only to recover and be much higher next yr at this time.

We could stop here in gold at 1580 /1600 but i feel lower is inthe cards as we have jobs report coming and some kind of qe to be announced in Europe. Expect crazy volatility.