QE3....not.Interesting discussion about US liquidity and central banking. Doesn't look like we'll see any easing in the US anytime soon, but at the same time, it appears that they are pretty comfortable with where they are sitting. To me, stability and confidence is key when owning an equity like GPD who will make alot of money at these gold levels.
Another fellow from Barclay's was also just on BNN and he was very confident that the Euopean situation would get fixed appropriately, especially when 2008 is fresh in everyone's minds on what will happen if you don't fix the banks.
https://watch.bnn.ca/headline/october-2011/headline-october-24-2011/#clip555168
https://watch.bnn.ca/headline/october-2011/headline-october-24-2011/#clip555154
Ideally, if this can all blow over and the market regains confidence along with some continued chindia demand for gold, we will be extremely well positioned for the next year, or so......maybe more. Let's hope this all plays out nicely.
Giver.