QE3 - The Law Of Diminishing Returns

I am cautious here.

Purchased TZA as a hedge against a significant downside move in the markets.

At this point my view toward gold and silver & the miners is they will experience a pullback to perhaps the 20 day MA on major gold stocks before rallying later on.

In the medium term, QE3 or not, gold is going higher on fear as the bond market languishes.

Bullion is the new bond market untainted by government excess.



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