I would agree with you there SE...Fed has to sell QE3 to public. The only way that can happen is heap some more hardship on the american public and paint a sick economic picture. As far as the question of if the laws of supply and demand pertain to the PM markets, we should find out the answer this fall as we enter the season of highest demand. Personally, I think our recent decline in PM values as just another head fake...Time will tell.IMO Hanglong.