This is called united system ease. It increases liquidity. It scratches the surface of QE, but is not QE.
QE is inevitable. It is the only tool that can stop a run on a bank, be it sovereign, investment or commercial.
Alf Fields is right when he says "Once this correction has been completed, Intermediate Wave III of Major Three will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way."