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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (31596)	9/23/2011 8:41:09 PM
From: gold$10k	5 Recommendations Respond to of 48092

IMO the Fed has temporarily been politically constrained from printing money in public. Many believe that there is still money printing in progress behind closed doors and also this... Message 27640751 Regardless, let's assume that money printing has actually stopped as in the deflationary 1930's. Gold and silver would still do well as a result of distrust of fiat money around the world and deflation would reduce production costs for miners. Jim Sinclair and others contend that the austere deflationary consequences of the current policy and the government's need to pay its bills will ultimately require a return to money printing. I think that is likely if not guaranteed and am not concerned about if or when. The end of QE2 was announced in April and implemented in June. Since then, gold has risen from $1400 to $1900. Pretty good for a period during which "the fed has declined to print money". That performance is not the product of ending QE2, just as the current decline in PMs is not the product of operation twist. IMO it is just a correction after a big rally within an ongoing bull market with some years to run.