The Fed will be monetizing with reckless abandon soon. QE to infinity is near. There are only two end-game scenarios to the Fed's QE adventure: 1) Default or 2) Hyperinflation. They'll choose 2 - and blame it on some macro event or nebulous econo-babble theory.
RE: Gold breaches $1270 and silver up over 1% following disappointing GDP numbers and prior quarter revisons