Its only about 30-35 Euro per person, just trying to stem...

Its only about 30-35 Euro per person, just trying to stem deflationary collapse, if anything it (or more the 750b bond market bail out (or suppression of natural risk premium)) should just push the Euro lower (less private demand for european bonds) & as a byproduct Gold higher in EUR, wonder how it's going to be spent, most of it will probably be stolen before it ever gets near the private sector.

I get a sneaking suspicion that we might still see a rapid fall to circa USD1463 (38.2 of last run) to trigger stoplosses beforegold goes onward & upward.

Just IMO of course