Fedline Open Thread

Discuss the news here. I'll have a full, new thread soon.

12:40 PM UPDATE:

Well, we got the full $85B/month in unsterilized QE. Amazing!

For now, please take a moment, go back and re-read this post:

http://www.tfmetalsreport.com/blog/4202/brass-tacks

More soon. TF

83 Comments

Istack's picture

Should I Stack today?

i freed up a little dry powder to buy any down action.

it's my way of channeling any anger/dissapointment i might have

Edit:  hmmm.  do i stack today at these new inflated prices? ........ why yes. yes i do

beardeus's picture

The Committee also will

The Committee also will purchase longer-term Treasury securities after its program to extend the average maturity of its holdings of Treasury securities is completed at the end of the year, initially at a pace of $45 billion per month.

Dr G's picture

BREAKING: Fed Chairman

BREAKING: Fed Chairman Bernanke announces $85B/month in QE.

EDIT: silver chart doesn't like it.

EDIT AGAIN: Maybe it does. Dunno.

Turd Ferguson's picture

WOW!

MODERATOR

We got the full $85B/month!

Revelation's picture

Nice

Apparently not enough to propel the PMs though...

May change later in the session...

20121210-Silver-LT-Def-MoveL

The Watchman's picture

Lift OFF

6837141271_9d081a01db_z.jpg?w=709&h=307&

ag1969's picture

yeah we got it

And silver is going down.  What a bunch of horseshit.

Terp's picture

Turdville Guesses

Mr. Fix's picture

Looks like my guess should have been a bit higher

At least for a consolation prize, I still have my stack.smiley

ag1969's picture

oh ok

now it is going up

Groaner's picture

why are the markets on hold?

metals trying..

The Watchman's picture

Nice Spike

Live New York Silver Chart [ Kitco Inc. ]
Groaner's picture

16,000 contracts traded in 10 minutes!

the crooks are keeping the pressure on.. come on hedge funds lets start buying here

CaribSurfKing's picture

Priced in

All I can say is, anything lower and Silver would be below $30 now!

Fat Willie's picture

Big Volume spike

You have to think that the EE is getting overwhelmed with buy orders here.  I guess we will see if they can hold......

Bastards.

ballzdeepnsilver's picture

#BOOM

Off to the races Merry Christmas and Happy Hunukkah!

Mr. Fix's picture

I hit my guess, ($34.34)

[Most Recent Quotes from www.kitco.com]

Now how do I get it to STAY there?

Silver_investor's picture

I don't understand

So why aren't we seeing a sharp spike up in gold and silver? I mean, if this doesn't move the metals, what will? I'm starting to think the joke has been on all of us.

ancientmoney's picture

@groaner why are the markets on hold?

Fox (JPM) is guarding (shorting) henhouse (silver).

Dr G's picture

I don't know about "off to

I don't know about "off to the races". Silver up 20 cents and gold up a measly $4.

Might get another boost during the press conference, but these QEs are doing much these days.

silver66's picture

Here's MOPE

http://money.cnn.com

byline says need for help until unemployment down to 6.5%

Long way to go from 20%

Keep Stacking

Silver66

Groaner's picture

the pig is tanking..

metals better go up on this news!

tyberious's picture

Silver ready to catch up with

Silver ready to catch up with 32 years of price suppression and break the $50 all-time high of 1980

Posted on 12 December 2012 with no comments from readers

ArabianMoney editor and publisher Peter Cooper goes down to the Sharjah Gold Souk with Sandra Mergulhao from MyDubaiMyCity to investigate the silver market and finds traders forecasting a 30 per cent price hike for 2013 after a disappointing 15 per cent over the past 12 months.

Is this the year silver will catch up with 32 years of price suppression and finally break through its 1980 all-time high of $50 an ounce? No other commodity trades for less than it did three decades ago…

http://www.arabianmoney.net/gold-silver/2012/12/12/silver-ready-to-catch-up-with-32-years-of-price-suppression-and-break-the-50-all-time-high-of-1980/

¤'s picture

Unsettled

PM's looking unsettled and headed a bit higher from here.
Nothing spikey but a bit higher. For how long...idk.
USD/JPY pretty reactive to the news.

Groaner's picture

22,0000 in gold 6100 in silver

traded in less than 15 mins  wow..

Mudsharkbytes's picture

Maybe my guess was too low?

I'm perpetually on the wrong side of every bet, which is why I don't dare play the markets.

Knowing that, I deliberately low-balled my guess this morning.

I'll be glad to lose.

SilverDog66's picture

GOLD

Wash and rinse, wash and rinse! 

Punk-Assets's picture

Same song. Gold and silver

Same song. Gold and silver ain't going nowhere until money runs for the hills. Many months yet of sub $1923 gold. We gradually drift higher...and thats fine.

dgstage's picture

someone really wants to contain the price

Metals should be taking off. Total BS!

tobydaniel's picture

No sharp spikes in silver because....

Our bankers have created a Law of Diminishing Returns for silver during QE announcements. We should start our slow bleeding decent soon enough. I did loose a tad on my short today but heck, the downside has more potential than the upside on a daily return. QE means nothing. Its all about the supply factor. We should reach 33 or below by end of day. 

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