Japan wants to create inflation to reduce its public debt. But itâs almost impossible to to stem the rise in interest rates and the Japanese know it very well, in fact ... http://www.zerohedge.com/news/2013-05-30/here-are-holdings-japanese-public-pension-fund
The interesting thing is that gold, as soon as the Fed has formalized its willingness to decrease the QE, has started to rise.... maybe the market is saying that the Fed is bluffing?
The costs of gold mining companies are now coming to be very close to the spot price of gold ... the cartel will be an impassable support.
http://www.zerohedge.com/news/2013-05-21/visualizing-cost-mining-gold