Oromin Explorations Ltd OLEPF

QE 3 has been going on quietly for months now....

[tony1969]

Goldn1, the US government has been selling bonds to themselves therefore increasing the money supply.  They are not physically printing the cash but the debt keeps increasing nevertheless. You can call it electronic or digital debt that is floating out there.  Today's announcement that will probably make this official and it might move gold a bit higher but not over $1800.  Not in the immediately anyway. Most of this has been priced in.  As far as equities. They should start selling off in the next day or so after the announcement.  They have been running up in anticipation of all of this being made official.  The bottom line is that you cannot pay off debt with more debt.  Unfortunately, they have no other choice right.  Gold will go much higher from here but not necessarily with this announcement.