RE:gold longs just dont get itCueball40
The elimination of QE3 was priced into the market months ago when a continous 10 billion reduction was pulled every meeting. It would have sent a very poor message this last week to stop just short.
Japan actions last night only reinforces my thoughts that gold will become a larger player in the world as a currency. If anything I am now more concerned with the overall equity markets. Why would they rally on this sort of news? This is Japans last chance to fix its self. Look at their track record and tell me if it's going to work.
There will probably be pain for us gold bozos for a short while but I wouldn't count us out.