best silver exposures, page-16

GoGlenroy, "More easing being talked about by US Fed which means it will most likely happen."

only if inflation drops and unemployment increase/stagnates.

Therefore if QE3 is introduced there will be deflationary pressures (not inflationary) in the US economy and also the most obvious point:

The previous QE2 didn't work.

The FED has no answer to the American situation. The answer lies in the hands of the politicians (and no, not the debt ceiling tango).

QE3 will debase the USD and with that the price of PM will rise. $2k gold and $70++ silver aren't out of the question this year and are, in fact, quite likely. Any slide in the bond market or heavy buying by central banks will put heat under PM prices big time.

A USD scare would drive the PM market into a frenzy.

Then QE3 will end and this overheating of PM prices will cause a retracement.

Then we start all over again with QE4.

So these cycles will continue to drive up PM prices and the US economy will languish until it's debt situation is faced head on...... and that could be some time yet.

imho.