the next spanking has begun!, page-9

Gold back to $1,350 only $30 above the panic levels of April. It is only a matter of time before Gold will breach $1,320 and head into the $1,200's. I wonder if we will get a huge buying frenzy now Gold looks like falling below $1,320. Probably not as all the Chinese, etc who bought last time would have been better waiting so this time you may find very subdued buying.

Although the US stocks were sold down with the news of the Fed tapering the HUI Gold Index was a leader in the falls department down 3.7% Bernanke has set a timetable for the winding back QE later this year and elimination of QE by mid 2014. Gold bugs like Peter Schiff, Mike Maloney, Eric Sprott and the gang, etc, etc they said they would never taper and in fact increase QE. They have also been preaching hyperinflation, collapse of USD, a great depression, bond market collapse, blah, blah, blah