More logical thinking- on gold and tapering of QE;
http://www.mining.com/web/chris-mancini-the-good-the-not-so-bad-and-the-maybe-ugly-of-gold-equities/
CM: What the stock market is showing us is the effect of the creation of $85B every month.
TGR: Let's assume there will be a tapering of QE. What effect will this have on the price of gold?
CM: I don't think a relatively small tapering of QE would have a meaningful effect because it has already been priced in to a large degree. If QE ends completely, I think the S&P 500, Dow and NASDAQ will correct meaningfully. And then you'll hear a tremendous clamor from the markets for more QE. If that happens, there will be a realization that we're in this for good, and I think that this would be good for gold.
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