ML-Implode News - The connection between quantitative easing and the gold price

While Ben Bernanke couches his rhetoric and keeps the markets guessing, he quietly -- in reality -- engages the Fed in what could be a new round of quantitative easing. In short, the markets should be paying attention to what the Fed does, not what it says.
Second, the gold price, as a result of its recent plunge, has crossed decisively under the reserve bank credit trend line. The two developments together have made for an interesting chart divergence -- the sort of thing that catches the attention of technicians and value investors alike, particularly if it defies logical explanation. This latest correction, more than any I can remember, has the experts scratching their heads.

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The connection between quantitative easing and the gold price