Could gold be making a top after a decade? No way Jose, especially considering all the money printing that is happening. How about just a good old fashioned, honest-to-goodness 10% pullback? After that it will all depend on how many “QE’s” will be done in the future…
QE 4 at least. Having successfully monetized debt in 2010, what will stop them? When QE2 stops and the market turns down The Bernanke will announce another round. Higher equities is one of the mandates of the Fed now.
What do you think congress will do:
1) raise taxes, lower spending, lower the deficit or
2) spend like drunken lottery winners?