Gold made bullish move today

A bearish scenario for gold was speculated yesterday, but what about a bullish scenario? I think that's simple. Nothing fundamental has changed. Unless something drastic happens that changes outlooks, like the E-cat for example. But if the E-cat isn't successful, that could be bullish for gold - provided that nothing else happens.

The Fed's move is supposed to help the economy, but it isn't a growth policy. This will have to come from the government, and so far, I haven't seen anything. Obama's jobs plan is political, not economic.

Nevertheless, the Fed's move may help a little. If it can change the incentives a little towards risk taking. For example, if short range yields go up as expected, while long term yields go down, this could make the prime rate a bit more appealing. At least that is moving a little more towards risk taking.

If all the banks do is keep their money, and not lend, this won't help the economy. But if a little more money gets loaned out, it could be helpful. But this isn't a growth policy. It provides a helpful nudge, but I don't believe that it is a growth policy per se.

For that, you need something bold- like space colonization. People think that's impractical and foolish, but I think that this could be the time to do it. No need for me to repeat everything here- you'll have to read the blog to understand my point of view.