Gold Short
QE hasn't solved the velocity of money problem and the "fiscal cliff" will only strengthen the dollar driving down the price of gold and silver short term. Longer term when inflation picks up gold will probably move through $4000 an ounce. Just look at the money printing era of the 70's and how gold reacted. Every rise was followed by 2 years of approximately 50% declines in the price followed by 400% gains.
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