It kind of is, that is one reason gold is now stable @ 1500, although it would be much, much higher if the QE money ever wound up in the M1 money supply. Give it time though, it will, they can't go against the mathematics of the situation for much longer without it all blowing up in their faces.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.