we need qe3 ... we need qe3 ...

But not the QE that Ben Bernanke has given us. You know ... selected, favoured banksters with their multi trillion dollars losing drivatives books being given massive handouts which they have kept - so much for the misguided trickle down effect to the people who ARE the real economy.

To stimulate the US economy money needs to be given where it will be used. The average American needs to be given big tax cuts. Unemployed Americans need to be given larger entitlements. All this money will be used which will result in increased employment.

There's even been an argument I've seen that goes along the lines of the housing foreclosure crisis and collapse in the US housing market could have been ended by the US paying off many of the mortgages of the average person instead of the reckless "too big to fail" banksters being bailed out - that the responsible, smaller banksters would have taken their positions and prospered. Which is the natural order of things - businesses that make seriously bad business decisions or are found to be corrupt have no right to be bailed out or protected by Government.

With world markets now in turmoil, some form of QE3 from Bernanke is now a given. It's just a matter of when imo. Who it really helps will be the issue. No second guesses here?

But it will be bullish, very bullish for gold. Any heavy selling of gold and gold equities at present is mere noise .. imo.