wonder what this will do to p.o.g?, page-7

>Looks like a solution that doesn't involve ECB dropping rates or easing, done with fiscal transfers from richer to poorer states within ECB, also further reduces likelihood of Fed easing. Negative for gold?

Peter why would the above stop the fed from providing more QE??

Have you seen the dismal housing, CPI, low inflation, Employment figures ETC???

Do you really think that if you placed yourself in the Feds position that you would have the guts to say "Hey the European countries just received a bailout which may or may not work so let’s just forget about us providing more QE and let’s hope that the figures improve over the coming few months"????

LOL now that's a risky play if you ask me because if it gets much worse in the US and if they act too late then it will be far worse and maybe impossible for them to tackle the problem.