Just saw this article in SMH, pointing towards the likely...

Just saw this article in SMH, pointing towards the likely possibility of QE being extended out towards the end of 2014, if not further.

Should set up a nice gold price going into IDC's first year of production in 2015.


"The US unemployment rate peaked at 10 per cent in October 2009 and has declined from 8.3 per cent to 7.7 per cent so far this year.

If it continues to fall at this year's pace and inflation does not get out of control, the Fed could inject $US85 billion a month into the system for about 22 months - $US1.87 trillion - before unemployment reaches 6.5 per cent. The programme could be even bigger, however."



Read more: http://www.smh.com.au/business/no-easing-of-pressure-on-aussie-20121213-2bchx.html#ixzz2EzIIaAxf