It looks like I was wrong on gold. Not going down.

When the new extension/limits budget bill was made the talk went, gold would sink or valley" before heading up again. It was called the time to buy. This morning gold prices took off like a rocket. We've tapped 1,640 and looks like we'll go past this new record. Silver after a very short correction down to 39 has bounce over 41, another record. I read talk about a QE and wondered what the bloggers were talking about. You need to get past the man''s rhetoric, but what he says makes a lot of sense with where we are headed. We may still see a correction, but only the Madam might know what's going on. It seems we are standing on our heads and the world is no longer making sense.

On QE and what it means for Americans

http://www.financialsense.com/contributors/jim-willie/qe-hyper-inflation-to-oblivion