You pose an excellent discussion topic Wombat, and yet no-one...

You pose an excellent discussion topic Wombat, and yet no-one takes you up ???

I found a chart relating gold and QE here:
http://www.zealllc.com/2013/goldqe3.htm
Apologies for the chart - it is very busy and too much info, but will do for now.



There is an article that goes with it. Basically what AJ was saying is the basis that with QE1 and QE2 the theory was they would ignite rapid inflation at some point. For QE3, it was more like "fool me once..." and the markets no longer believed QE would produce inflation, and my guess is they saw S&P rising alongside QE and decided to ride the QE S&P wave...

Now, fast forward to QE4 (or whatever Trump will use to fund his master plans), and if he actually gets it going, surely that would be inflationary. Will the market get caught out extrapolating QE3 (bad for gold) to QE4 (assuming bad for gold, but could actually be inflationary and good for gold)...?

Could USD and S&P and Gold all rise together ?

What will interest rates do ? I still cant get past the serviceability of all that debt, not just by government, but by corporate and household as well ?

All very good questions.. does anybody want to contribute their thoughts ?