A $trillion here....a $trillion there...pretty soon we'll be talking about some real money.
As I read the Reuter's article, it appears the Eurozone is expected to come up with the first $trillion, after which the remaining G20 countries can turn on their printing presses to add fiat fuel to the "backstop/bailout" fire. With everyone gearing up their printing presses, I'm not sure how commodities can suffer.
...yeah, but that QE in Europe, means the dollar will strengthen, and the knee jerk relationship between PM and dollar is not good.
Make sure you wish for, the right stuff. The mass buying public only knows indicators it relies on from the dark ages, which is why everytime new housing doesn't pop, they don't think old housing inventory is waning, they think it's 1955 and new housing should be booming in order to show a recovering market.
Thus, if the euro strengthens on the basis of QE, the dollar declines, commodities become cheaper, including gold silver and the like.
I'm not throwing cold water on the situation, I'm commenting on the situational dynamic of folks far less sophisticated than this board.
The worst thing that happens to smart people is, they outsmart themselves.