gold heads into orbit, qe3 incoming, page-70

I wouldn't get your hopes set to high on QE3 being around the corner.

There seems to be heaps of demands for US bonds at present. When they announce a (large) QE3 that is likely to be the start of the manic stage for gold but I think that is a while away still.

Personally I'd be happy to see gold going up 15-20% a year for the next few years without a manic stage until 2014-15. Gives us all plenty of time to further position ourselves and there is no rush in any case for me. If gold goes to even 2500 by 2014 all of us here should have done quite well.

What was manic was all the media circus around the debt ceiling debate. Considering it was a non issue about a forgone conclusion that was never going to change anything I found it to be a bit of a laugh.

I'm staying long on gold and gold stocks.


Twinsen