Agree completely, once the 401k's start to look scary people will beg for stimuli and open the doors to more. How soon or when is the million dollar question. They will try to hold off as long as possible with hidden qe but at some point will have to step in with all to see. At that time gold moves up 300 dollars, they just want it to start from a lower point.

I am expecting gold to continue lower upon opening sunday night into monday. I am sure they have a few more tricks like releasing oil reserves. Looking for imf to announce some gold sales. They waited for oil to drop 22% and sit on an important moving average to release the oil to smack it through the charting areas where most thought it would rise from. Might as well offside as many people as possible while setting off the computer traded algorythims.

So oil released

IMF selling gold of course to help the poor

Daffy quadaffi looked after, jawboning energy prices lower.

Troop withdrawl from afghanistan to show budget restaraint and all this added with end of qe everywhere on the airwaves should make for a trade lower on commodities.

And yes they need to be careful not to allow it too far down as you say and lose control, just a good scare needed, not like 08 i hope.

All a game....soon time for qe before election period...rinse repeat.