Tapering now gives a chance for bullish sentiment by Bron Suchecki: "My cliff notes summary is:
tapering could drive futher bearish sentiment but much of the tapering could already be in precious metal prices
gold's decline more to do with an increase in risk tolerance from investors seeing improving economic environment (which was in play before taper talk)
as QE shrinks market will depend more on their own dynamics
tapering might result in the precious metals decoupling from each other, with PGs and silver possibly outperforming gold
still possible for QE to result in serious inflation in the future, driving continued gold buying
also possibile for deflation to occur [if QE not enough to cover debt deflation], in which case gold will be more attractive as other assets will struggle"
'via Blog this'
