gold, page-16648

As a result of which (fears of inflation, if not hyperinflation a la Weimar Germany 1923), people rushed into gold at that time (QE1 started Nov 2008, QE2 Nov. 2010) and gold soared to new highs over the next 3 years. By the end of QE2, before QE3 (Sept 2012) , neither happened, and gold entered a brutal multi year bear market (which is probably still the case). I don't think this was co-incidence (both the rise and fall).
So, when gold price finally based around $280 early 2001, after a 20 year bear (Google "Hunt Brothers, Texas") and started rising, the big jump happened with the inflation expectations kindled by QE1 and QE2. And unwound heavily for years after those expectations proved to be unfounded.
On its face, then, the big rise in gold was concurrent with QE1 and 2, and sold off with QE3, and would appear to be causal...(not a coincidental correlation).
It'd be useful to Chart USD gold price with the exact dates of QE1, 2 and 3...I've done it before, perhaps I'll do it again. All the exact dates are easily available (Wikipedia, anywhere).