QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

Fed Folds: Will Do Open-Ended MBS Buying, Extends Operation Twist


http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 09/13/2012 12:33 -040

Bernanke has acquiesced and is now the 4th branch of the status quo- and all is well in the world:

• *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME'
• *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE
• *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
• *FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST'
• *FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

To summarize:

• The good news: The Fed's NEWER, OPEN-ENDED and NEVERENDING QE is bigger, longer, and has a Retina display (however its battery life is far shorter).
• The bad news: The Fed has now confirmed it is merely a sad, political, self-frontrunning caricature of what a central bank should be.

more at: http://www.zerohedge.com/news/fed-fo...peration-twist

Attachment 3706

hahahahahahahahahaha

gold up $39.20 and silver $1.44 in 2 seconds.

Gold Update: Comex Gold Pops Higher on FOMC Announcement of "QE3"

Thursday September 13, 2012 12:39 PM

The gold market surged higher in the immediate aftermath of the FOMC announcement that the Federal Reserve has embarked upon more quantitative easing of U.S. monetary policy--nicknamed QE3. About 15 minutes before the FOMC announcement gold backed off a bit on some nervous profit taking and position evening. The FOMC statement that said the Fed will now pump $40 billion a month into the U.S. financial system sunk the U.S. dollar index to a fresh four-month low, while gold popped to a fresh six-month high of $1,756.30, basis December Comex futures. As of this writing the gold market had backed down a bit from its daily high, while the dollar index rebounded a bit from its daily low. December gold last traded up $12.00 at $1,746.00.

How do they say... WOOT!

Quote:

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Originally Posted by chad

hahahahahahahahahaha

gold up $39.20 and silver $1.44 in 2 seconds.

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And XAU jus popped higher 4.3%!

Hey Chad,

Is that a roll of silver eagles in your pocket or are you happy about the news?

You know what this means........

The timing is sort of strange, or maybe not, with the shit brewing over there in camel land.

Quote:

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Originally Posted by mamboni

And XAU jus popped higher 4.3%!

Hey Chad,

Is that a roll of silver eagles in your pocket or are you happy about the news?

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both! :D

Can we post rockets now? lol

To infinity....and beyond.

FED shows they have no other option but (eventual) hyperinflation.

Look out 3rd world, food prices are going to explode in 3-6 months.