QE3

POG jumped by USD$66 per oz on Friday.  It is very easy to explain even though no one wrote about it.  The American economy is not progressing as well as it was expected.  While central banks are buying up gold to shore up their reserves, I suspect the Feds will be printing USD.  Why not?  People are either repatriating their USDs or people are buying USDs.  So print while you can!  With QE3, the value to gold will have to go up so while USD holds in value, then gold stocks will continue to do well.  On Monday, everything will fall but gold sectors will be cushioned.