Fishhead, I said last week that there would be no QE from the Fed and that Bernanke and the Fed board would insist that the ECB bail out the Eurozone and instigate QE way before the Fed.
That is and will be the case. Anyone that buys gold or any security for that matter, on the "possibility" or "expectation" of, is asking to be flogged.
Particularly when they ignore obvious contrary indicators.