QE is the only option to extricate Europe temporarily from its acute state of crisis. If this happens as expected we can also expect them to continue further QE's because no one wants to be the man or woman known for implementing policies that will cause the world to spiral into a deep economic depression. So they will kick the can down the road as many times as they can ultimately leading to hyperinflation over the next ten years. This is the main reason why I am so bullish on PM's at their current depressed levels, in addition to which the COTs are strongly bullish too, as they show that Smart Money (Commercials) is thinking there will be QE coming very some perhaps as early as June 20th.