If Euro QE happens Thursday this week and it is going to be...

If Euro QE happens Thursday this week and it is going to be negative for POG, my guess is that we would have seen some evidence of that in the POG already - it would appear that the 'big boys' may not see it as being negative. There are many other factors driving gold - terrorist attacks, sovereign gold purchases (eg. Russia), Swiss currency decision and losses associated therewith, low oil and other commodity prices, Chinese slowdown...... We could just see the Euro QE come and go without any impact on POG. If the POG takes a drop this evening then that would (IMHO) be a lead indicator of a potential further softening in POG come Thursday, however, I am not expecting that - more likely a consolidation around the current level before possibly firming further.


I am not a licensed advisor so DYOR carefully.