gold, page-42808

"we are more likely to see QE4 although they may have another name for it by then."

Over the last two months the unwinding of the Fed's bond portfolio and the corresponding release of reserves has been progressing very gradually.
https://www.federalreserve.gov/releases/h41/

What interests me is how careful this process appears. Anyone who thinks that the Fed is likely to reverse the QE process rapidly and carelessly blow up the system, making their gold holdings more attractive, is probably in for a disappointment.