Desite the much heralded QE3 and just about every other major...

Desite the much heralded QE3 and just about every other major economy is undertaking QE in some form Gold has failed to impress and is now in a short term down trend.

Generally when Gold disappoints I notice some Gold bugs take solace in conpiracy theories to explain Gold's under performance. It's not surprising then that I see on Hot Copper recently that Germany has no Gold. You can expect to see more conspiracies in the comming weeks if Gold continues to disappoint as conspiacies floating around on the internet are posted as fact on HC.