Thanks for the point-of-view david25. Im of the opposite...

Thanks for the point-of-view david25. Im of the opposite opinion, that is, QE3 is practically guaranteed if this weakness makes its way to the general equity markets. In my darker moments, I do wonder if this action is orchestrated to compel The Bernank to launch the next round of QE.

And finally, a point of order on something you said, namely:
"This is why I argue that the gold price has risen against Chinese inflation and not U.S. quantative easing(printing money)."

Arent they the same thing? That is, by (almost) pegging to the USD monetary inflation is exported to the Yuan.