Fedline Open Thread

Wed, Dec 12, 2012 - 12:29pm

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:


More soon. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Dec 12, 2012 - 12:32pm


We got the full $85B/month!

Dec 12, 2012 - 12:34pm

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.

The Watchman
Dec 12, 2012 - 12:34pm
Dec 12, 2012 - 12:34pm

yeah we got it

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

Dec 12, 2012 - 12:35pm
Mr. Fix
Dec 12, 2012 - 12:35pm

Looks like my guess should have been a bit higher

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

Dr G
Dec 12, 2012 - 12:36pm

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.

Dec 12, 2012 - 12:36pm

oh ok

now it is going up

Dec 12, 2012 - 12:36pm
The Watchman
Dec 12, 2012 - 12:37pm
Dec 12, 2012 - 12:37pm

16,000 contracts traded in 10 minutes!

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

Dec 12, 2012 - 12:37pm

Removed comment

Removed comment.

Dec 12, 2012 - 12:37pm

Priced in

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

Fat Willie
Dec 12, 2012 - 12:38pm

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......


Dec 12, 2012 - 12:38pm


Off to the races Merry Christmas and Happy Hunukkah!

Dec 12, 2012 - 12:40pm

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.

Mr. Fix
Dec 12, 2012 - 12:40pm

I hit my guess, ($34.34)

Now how do I get it to STAY there?

Dr G
Dec 12, 2012 - 12:40pm

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.

ancientmoney Groaner
Dec 12, 2012 - 12:41pm

@groaner why are the markets on hold?

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

Dec 12, 2012 - 12:41pm

Here's MOPE


byline says need for help until unemployment down to 6.5%

Long way to go from 20%

Keep Stacking


Dec 12, 2012 - 12:42pm

the pig is tanking..

metals better go up on this news!

Dec 12, 2012 - 12:42pm

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…


Dec 12, 2012 - 12:44pm


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.

Dec 12, 2012 - 12:44pm

22,0000 in gold 6100 in silver

traded in less than 15 mins wow..

Dec 12, 2012 - 12:45pm

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.

Dec 12, 2012 - 12:45pm


Wash and rinse, wash and rinse!

Dec 12, 2012 - 12:45pm

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.

Dec 12, 2012 - 12:45pm

someone really wants to contain the price

Metals should be taking off. Total BS!

Dec 12, 2012 - 12:45pm

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.

Dec 12, 2012 - 12:46pm

May not win a a hat but

Added to the stack.



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