Gold rocketed to new highs as Europe embraced QE, but this was only the beginning as America now readies itself for "QE to infinity" phase II to the tune of another $2.5 trillion. The tone of this article suggests the Fed is already nervous about growing concensus in the rate of economic decline and is merely looking for an excuse - any excuse - to flip the switch. Small wonder Gold has been unusually resilient in the face of contrasting negative seasonals.

http://www.telegraph.co.uk/finance/economics/7852945/Ben-Bernanke-needs-fresh-monetary-blitz-as-US-recovery-falters.html