The taper, China and gold -- where is this leading us?

``... there is a feeling that once the markets begin to realise that the Fed initial taper is perhaps just the start of the complete withdrawal of Fed stimulus they will begin to turn down, while gold (which was seen as a slam-dunk sell by Goldman Sachs analyst Jeff Currie should the taper start to be implemented -- as indeed happened!) is likely to recover a little.  It could recover a lot if the markets do indeed start to fall back heavily.  Bernanke doesn't want the markets to see tapering as tightening -- but it could certainly be seen as the beginning of the end of loosening!''