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

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    Iridium mamboni's Avatar
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    Cool 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

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    Frog Leg Whisperer chad's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    hahahahahahahahahaha

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

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    Iridium mamboni's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    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.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
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    Unobtanium EE_'s Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    How do they say... WOOT!
    TRUMP WILL WIN BY A LANDSLIDE!
    You can forget about making America great again, it ain't gonna happen.

    The NWO is here, and you all stood in line for it!

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    Iridium mamboni's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    Quote Originally Posted by chad View Post
    hahahahahahahahahaha

    gold up $39.20 and silver $1.44 in 2 seconds.
    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?
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

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    Great Value Carrots Libertarian_Guard's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

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

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    Unobtanium Dogman's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    The timing is sort of strange, or maybe not, with the shit brewing over there in camel land.
    "My reading no matter how transient is a dagger in the heart of ignorance."

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    Frog Leg Whisperer chad's Avatar
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    Quote Originally Posted by mamboni View Post
    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?
    both!

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

    Can we post rockets now? lol
    A strange game. The only winning move is not to play. How about a nice game of chess?

  13. #10
    DMac
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    Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

    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.

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