There will be no QE3. However, what would prevent them from calling it something else absurd, like JHTBSFWERGFDV 7?
Either way, the outlook of Ag and Au is rosy. So there are 2 choices for the US:
1. No QE. Short term fall in PoS and PoG. Who's going to purchase US toxic debt? Who's going to prop up the US stock market? Who's going to give nice fat bonuses to executives? How are the US going to plug that deficit? Who's going to buy US treasuries? Interest rates will rise, home owners will default, another crisis ensues. Precious metals in demand again.
2. Printing press starts again, this time called something different. Precious metals rally again.
Long term, same outcome.
Be brave, go long IMO. Sure there will be fluctuations, but long term, same outcome.
The weapons for the bankers now seem to be suppressing Au and Ag miners' SP and securing the supplies that way. Also, slowing the POG and POS from rising too quickly by increasing margins (we've seen that many times in such a short time). IMO they will get so desperate that the margins could go up to 90-100% - which is sure to damped the POS. However, that would be giving the gameplan away.
