Gold Falls After Central Bank Intervention

The latest news of the central banks intervention by way of injecting dollars into the banking system has caused gold to fall to $1775.  This has given equities a boost, and as a result investors are steering away from traditional safe-havens like gold. 
However, I believe this drop in gold is merely a hasty reaction to the news.  In the longterm, this could have an inflationary outcome, which of course, would be bullish for gold.   
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