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<p>[QUOTE=&quot;medoraman, post: 1258144, member: 26302&quot;]I don&#039;t see QE3 as really helpig domestic stocks, only those with international operations. I believe the market would be worried all of this cash will lead to either higher inflation or higher taxes to pay for debt. Either will lower future profit expectations, which is what drive stock prices.</p><p><br /></p><p>All I can say for predictions is uncertainty will drive higher PM, good news will drive it lower. Look at what has happened in just a week of so. Good news drive the market up, bad down, and PM typically the inverse. This is why trying to predict the future, or playing games on charts, is so hard. It is these major surprises that typically lead to large movements. </p><p><br /></p><p>I will say the general public and the market both are in a down mood. Further bad news will depress them to an extent, but at a point it will jsut be shrugged off. However, good news could really lead to a rally since it will be more unexpected. Such unexpected good news, if it were to occur, would not be good for PM, especially gold. I am not predicting that, just saying how I think the market would react to it. I would think most likely good news would be some mergers in this lower stock price market, or greater share buyback programs.</p><p><br /></p><p>Btw, loosely related, did anyone else read about how the US is a net exporter of gasoline and has been for 2 years now? They say US demand is down, and not anticipated to return to earlier levels, so for the foreseeable future they expect us to be exporter of gasoline to the rest of the world.[/QUOTE]</p><p><br /></p>

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