Casp, the media keeps telling us tapering will be negative for...

Casp, the media keeps telling us tapering will be negative for gold. The only way that can be logical is if QE3 was ever positive for gold. It is positive for gold fundamentally, but it was never positive for golds price. Gold has fallen almost for the entire period that QE3 was running. How can anyone therefore conclude that QE tapering will make the POG drop?

I also ask how does anyone believe that anything they say will make a difference to the real growth in the money supply? Look at the chart which dates back to 1980 i.e. almost 30 years prior to QE1 and tell me why QE or no QE makes any significant difference.
I would think there is very little chance that the money supply will not continue to grow. It has to - especially now because the US (and most of the world) economy is increasingly dependant on growing money supply and increasing debt.
The media is a huge propoganda machine and the powerful instos will use it to fleece the majority.