timing, page-81

More logical thinking- on gold and tapering of QE;

http://www.mining.com/web/chris-mancini-the-good-the-not-so-bad-and-the-maybe-ugly-of-gold-equities/

CM: What the stock market is showing us is the effect of the creation of $85B every month.

TGR: Let's assume there will be a tapering of QE. What effect will this have on the price of gold?

CM: I don't think a relatively small tapering of QE would have a meaningful effect because it has already been priced in to a large degree. If QE ends completely, I think the S&P 500, Dow and NASDAQ will correct meaningfully. And then you'll hear a tremendous clamor from the markets for more QE. If that happens, there will be a realization that we're in this for good, and I think that this would be good for gold.