the money printing where it is or act on its spin after the US fiscal crisis to cut back on QE3 money printing to quiet congress and others criticism of it? The FED is between a rock and hard place. It if cuts back on QE3 money printing then interest rates goes up to attract market buyers of debt treasury bonds, and slows any recovery. If the US and world economy starts recoverying in a meaningful way, interest rates go up and slows world recovery. Plus interest on the world debt goes way up and another form of debt burden. We are more in a communist like financial and economic situation than a market forces one.

'Fed Balance Sheet Breakout!'
By: Stewart Thomson

http://www.safehaven.com/article/28597/fed-balance-sheet-breakout

"To understand why the central bank is the greatest ally of gold stock investors, please click here now. (But) For all practical intents and purposes, you are looking at the primary driver of the gold price. It is the balance sheet of the central bank of the United States."

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"The balance sheet is starting to grow again, which means it is highly likely that the gold price starts "growing" again, too!"

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"While Ben Bernanke could surprise gold investors, temporarily, by saying something negative about future QE, in a practical sense, can the Fed really stop growing the balance sheet at this point in the crisis? Please click here now. That's the daily chart of the March T-bond. A rally seems imminent, which is good news for gold.


I think the Fed plans to grow the balance sheet to well over $3 trillion in the intermediate term, which would create a new intermediate bull leg in the gold price!"