Fedline Open Thread

117
Thu, Sep 13, 2012 - 12:22pm

Have at it. I'll have a full, new post soon.

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  117 Comments

tmosley
Sep 13, 2012 - 12:26pm

Hopefully the current move is

Hopefully the current move is a headfake...

I don't really want the hat this time.

AC_Doctor
Sep 13, 2012 - 12:28pm

Leak?

Info already leaked-duhhhhh!!!

Silver Alert
Sep 13, 2012 - 12:31pm

Silver!

Finally got all three! Site seems really slow today. Must be a lot of interest for some reason. /sarc.

¤
Sep 13, 2012 - 12:32pm

Head fake?

Just catching up and saw the knife but expecting a yo-yo shortly.

Haven't even seen the news yet....browser problems....angry

https://www.youtube.com/watch?v=KO4gvhtlQP4

(edit: Tmo...just saw your comment....if it was it was a beauty)

Dr G
Sep 13, 2012 - 12:32pm

QE3 announced!

QE3 announced!


Sep 13, 2012 - 12:33pm

wow

turn my back for 1 minute--literall--while I decide to buy the dip and look what hapepns: +.80.

guess I'll just hang on


Sep 13, 2012 - 12:33pm

YIPPEE!!!!! YEEEEEEEHAAAAAAAA

YIPPEE!!!!!

YEEEEEEEHAAAAAAAA!!!!!

tmosley
Sep 13, 2012 - 12:33pm

Turd's servers might just

Turd's servers might just melt today.

Also, I don't think this was a leak--the move isn't strong enough.

Istack
Sep 13, 2012 - 12:33pm

Oops

delete

Istack
Sep 13, 2012 - 12:33pm

Doh!

delete

Hillsie
Sep 13, 2012 - 12:34pm

FOMC ANNOUNCES........


  • *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



Sep 13, 2012 - 12:34pm

SIT TIGHT NOW

This will extend. Be patient.

FlorisM
Sep 13, 2012 - 12:35pm

Greece

Yep, going for the third rescue pack

Istack
Sep 13, 2012 - 12:35pm

BAM!

shwing!!!

Wayne's World 2 - Schwing
tmosley
Sep 13, 2012 - 12:35pm

Its rare that I am so happy

Its rare that I am so happy to be dead ass wrong.

Dr G
Sep 13, 2012 - 12:36pm

There you go folks. Straight

There you go folks. Straight up to the moon.

And I nailed the FOMC portion. QE that is open-ended.

Kcap
Sep 13, 2012 - 12:37pm

Kcap: "the rising sun...."

"....will not set this evening".

Life is good.

Kcap

pforth
Sep 13, 2012 - 12:39pm

This just in...

Bernanke announces $40b of printed money per month. Of which $5 billion will go to naked short PM positions :)

Air Garcia
Sep 13, 2012 - 12:40pm

i got filled!

on a march 34 and a march 35!!! down Low! 

LaMachinna
Sep 13, 2012 - 12:40pm

Very...

interesting! The bipolarness of it all cool

¤
Sep 13, 2012 - 12:40pm

QE3 : MBS $500,000,000,000 a year

MARKET PULSE Archives

Sept. 13, 2012, 12:31 p.m. EDT

New York Fed details QE3 bond purchase plan

By Steve Goldstein

WASHINGTON (MarketWatch) -- The New York Fed said it will start buying agency mortgage-backed securities on Friday, at a rate that is expected to total $23 billion over the remainder of September. It will then purchase securities at a clip of $40 billion each month. The New York Fed said it will concentrate its purchases in newly-issued agency MBS in the to-be-announced market, although it may purchase other agency MBS if market conditions warrant. 

https://www.marketwatch.com/story/new-york-fed-details-qe3-bond-purchase-plan-2012-09-13?link=MW_home_latest_news


Sep 13, 2012 - 12:40pm

Your money shot

*FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE

Jan Roos
Sep 13, 2012 - 12:40pm

Dr G! Good call! I hat tipped

Dr G! Good call! I hat tipped you when you made the call before the meeting and you nailed it.

Awesome and Welcome back

Dimeboy
Sep 13, 2012 - 12:42pm

Wow

$1 up move in Ag in a couple of minutes.....


Sep 13, 2012 - 12:43pm

I'm thinking the next few minutes...

...are going to have the charts looking like someone on a defibrillator. 

He's dead... no, wait, he's alive! ...er, no, he's dead. Clear! bzzt. He's alive! No, wait...

Repeat as needed.

TF
Sep 13, 2012 - 12:43pm

Re: Sit tight now

Turd- what are the dynamics behind a delayed move up, if you have the time to explain? 

I ask because I am shocked this didn't even make yesterday's highs on the initial move... and it is now pulling back. Are traders and managed money really that slow on the draw? I would just expect that this would have been stronger, is all... 

Dr G
Sep 13, 2012 - 12:43pm

Wait until the press conf in

Wait until the press conf in 1.5 hours. That sends it even higher. Markets are stupid like that.

The problem with this round of QE is there is no closing date, so every FOMC meeting gold and silver buyers will be waiting to see if they keep extending the purchases.

Hrunner
Sep 13, 2012 - 12:43pm

70 cent move

It's not every day you see a one-minute $0.70 move

Dr G
Sep 13, 2012 - 12:45pm

@Pining, they have to analyze

@Pining, they have to analyze it. This is how it goes. Go back and look at the charts on the day QE1 and QE2 were announced. Same thing. Steady moves that continue over a period of days.

Also note that it gets a nice big second wind when Bernank actually speaks later this afternoon. That is the money shot in my book.

Just A Regular Guy
Sep 13, 2012 - 12:45pm

QE3 it is

US 10-year moving up. Au/Ag weeeeeeeeeeeeeeeeeeee....

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