US markets seem to have plateaued at the moment, but gold is up another $14 to a 4 month high after the Fed indicated that QE3 is definitely on the table. Maybe more importantly, gold now cracked that $1,650 level.
After the Fed minuted were released, Bill Gross from Pimco tweeted that he gives QE3 an 80 percent probability. That will be great for gold.
