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(POLL) Tomorrow is the Day. What will the Fed "Announce?"

MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
in Precious Metals
What will the Fed Res announce as far as QE goes?

I think it is a given that they will at least hint at QE per their Jackson Hole re-re-re-hint. So there are only two real choices on this one.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    They will say things are slower then they anticipated and they are watching it closely and are ready to act. He will also say that Congress needs to do it's part. Oh snap, that was last meeting.


    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    I'm with MJ. While their mandate from Congress is employment it seems their greedy concern is the stock market which is doing just fine.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • GoldbullyGoldbully Posts: 17,290 ✭✭✭✭✭


    << <i>They will say things are slower then they anticipated and they are watching it closely and are ready to act. He will also say that Congress needs to do it's part. Oh snap, that was last meeting.


    MJ >>



    Dead on! image
  • JulioJulio Posts: 2,501 ✭
    Why do it when they get the same thing talking about it. Take care. jws
    image
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    If you are a gold bug, do not forget that central bankers are your very best friends.

    "When a central bank starts writing checks and printing money in the trillions of dollars, it’s best to have something tangible that can’t be reproduced." - Brill Gross.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭


    << <i>Why do it when they get the same thing talking about it. Take care. jws >>




    eventually the market will catch on that it is only talk.


    they need to keep saying the same thing in different ways to keep the market expecting more than it is getting.




    and derryb makes a good point. although I'm sure they'd argue that a strong market is conducive to a stronger job market. image

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    If that's all they say...look out below!
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>If that's all they say...look out below! >>



    I would welcome a huge pull back in the stock market.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    Bernanke don't want to lose his job. He will forgo this time and punt.

    If we do get a good sell off, buy in the 31.25 area based on the Dec Silver contract.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    More from "spin Dr's & talking heads" same as it ever WAS!image

    Turn it up! LOL!
    Avid collector of GSA's.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>

    << <i>If that's all they say...look out below! >>



    I would welcome a huge pull back in the stock market.

    MJ >>



    Ditto. Waiting for it actually.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    LOL!
    Avid collector of GSA's.
  • SpoolySpooly Posts: 2,108 ✭✭✭
    FED softball and the market will "sell" the news. I'm a buyer at the next pull back.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • cohodkcohodk Posts: 19,098 ✭✭✭✭✭


    << <i>

    << <i>If that's all they say...look out below! >>



    I would welcome a huge pull back in the stock market.

    MJ >>



    I'd settle for 1 or 2 stocks pulling back "hugely".image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>If that's all they say...look out below! >>



    I would welcome a huge pull back in the stock market.

    MJ >>



    I'd settle for 1 or 2 stocks pulling back "hugely".image >>



    That also.

    All signs are pointing for a pullback and as you know the market tends to surprise us when we least expect it.

    Tomorrow will be fun

    MJ

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustlookingJustlooking Posts: 2,895 ✭
    Really shocked at the results of this poll. I'm hoping they don't act, betting they don't act, I voted they won't act ... but think they probably will.

    You know, it's only money. image
    Let's try not to get upset.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    Too much at stake for mr O in the election for them to act right now.

    See the movie 2016 at your local theater if you have not as of yet.

    It is a must see.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    << <i>The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

    MJ >>



    image you fast thing you.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
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  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭




    I predict they are going to announce the dollar is to be pegged at 1 to 1 with the mexican peso for stability reasonsimage
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

    MJ >>



    image you fast thing you. >>



    In NYC if you didn't envoke a self imposed third date policy you could go broke waiting to hit paydirt.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    the can just got kicked onto the interstate.

    image

    image

    image

    image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    The Bernanke hit a home run for me at least. Stocks up and gold up, whats not to like?
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Shazam!
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I predict a new Dow Record by, hmm, election day.

    Make room for the sheeple.

    Two grand gold by New Year's?
  • JamesMurrayJamesMurray Posts: 4,036 ✭


    << <i>The Bernanke hit a home run for me at least. Stocks up and gold up, whats not to like? >>



    image
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    So does this mean over 80% of the people here were wrong about what was going to happen, or 20% of us were correct? image I predicted it would happen today, but that does not mean I am happy about it.

    Proving once again to, DO YOUR OWN DILIGIENCE, FORM YOUR OWN OPINION AND TRUST ONLY YOUR INSTINCTS, because most of the time people will tell you what you want to hear, like former Fed governors. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    Well there goes Bernanke, he just lost his Job (4 1/2 months and he is gone). It was a gamble for him, but I believe he just stacked his bricks on the wrong side of the play.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Urgh, why did I just pay off the summer credit card from my powder stash last week. Oh well.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    We all just got laid. Nice. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    How is this going to create JOBS???
    Avid collector of GSA's.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>So does this mean over 80% of the people here were wrong about what was going to happen, or 20% of us were correct? image I predicted it would happen today, but that does not mean I am happy about it.

    Proving once again to, DO YOUR OWN DILIGIENCE, FORM YOUR OWN OPINION AND TRUST ONLY YOUR INSTINCTS, because most of the time people will tell you what you want to hear, like former Fed governors. image >>



    Please tell us more.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>How is this going to create JOBS??? >>



    It's only suppose to "save or create" one job.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    lol...I would renman95, but who really cares what I have to say here? Even I know that by now. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    I think that gold will go up.

    MJ, lol.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭


    << <i>

    << <i>How is this going to create JOBS??? >>



    It's only suppose to "save or create" one job. >>



    I'd say two, B & O and its not the RR. I believe they have just grapsed at their last straw. America will take its bath on November 6th and get rid of their BO !!
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • johnny9434johnny9434 Posts: 28,303 ✭✭✭✭✭
    still looks like we got plenty of ink and paper left.
  • FountainheadFountainhead Posts: 956
    The Fed announced "QE3" - i.e., it will continue to destroy the savings of Americans dependent on safe fixed-income returns, compelling them to remain working into their seventies and denying college graduates the opportunity to get new jobs because the old folks can't retire anymore to make room for the young.

    Forget the want ads. Better to look at the obits instead.
    Salute the automobile: The greatest anti-pollution device in human history!
    (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    QE3+

    I like the moniker

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • VanHalenVanHalen Posts: 3,955 ✭✭✭✭✭
    $40B/month as long as needed!

    image

    We could see $50 silver before spring, after 6 months of FED buying.

    image

    Holy Cow!

    image
  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    $40B/month as long as needed!

    Just remember - $40 Billion doesn't go as far as it used to. How long before the number suddenly becomes $60 Billion?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pragmaticgoatpragmaticgoat Posts: 852 ✭✭✭


    << <i>$40B/month as long as needed!

    Just remember - $40 Billion doesn't go as far as it used to. How long before the number suddenly becomes $60 Billion? >>




    image
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  • fishcookerfishcooker Posts: 3,446 ✭✭
    If they cared about employment of the young, the illegals would not be catered to.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Why are people still voting on this Poll after it is over? LOL At the time of announcement, 38 votes total and it was 82% saying hint and 18% saying definite. The Poll ended when the announcement was made folks. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Happy hour: gov is buying and selling your house while you live in it, beware your landlord.
  • cohodkcohodk Posts: 19,098 ✭✭✭✭✭
    Such a guaranteed trade, right?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>We all just got laid. Nice. MJ >>



    U R 2 image
  • MilesWaitsMilesWaits Posts: 5,346 ✭✭✭✭✭
    This a note on the Sinclair website. First, I am surprised anyone would take the time to mention the pariah of poor judgement, Nadler.

    Second, this is PER month. Just like a car or house payment. Or protection from the mafia.

    Lastly, how right does Jim have to be to be given an Angel?


    Message:

    Jim,

    LET’S THE GAMES BEGIN!

    The Fed announced the beginning of QE3 with $40B in purchases of Mortgage Backed Securities PER MONTH without stating any end date or dollar amount. Here is the statement:

    http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

    "the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month."

    "If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. "

    No limits. No end date. This is QE to INFINITY!

    Make no mistake… this is all on purpose. This is the END GAME and the blame for the global meltdown will be placed, rightfully, on the shoulders of the Federal Reserve.

    Basically, the Fed has chosen to FALL ON IT’S OWN SWORD!

    The Gold and Silver move upward has caught all the shorts off guard. The Bad Guys are in deep, deep trouble as they took their cues from the likes of Jeffrey Christian and Jon Nadler who were advising EVERYONE to short gold and silver.

    Now it gets exciting!

    PS – Ron Paul just happens to be speaking tomorrow night at the Liberty Political Action Conference. If you think that is a coincidence then I have some lovely swamp land to sell you in Florida!

    The world is about to change.

    May the Road you choose be the Right Road.

    Bix Wei
    Now riding the swell in PM's and surf.
  • VanHalenVanHalen Posts: 3,955 ✭✭✭✭✭
    Good post MilesWaits. Thank you! image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Why are people still voting on this Poll after it is over? LOL At the time of announcement, 38 votes total and it was 82% saying hint and 18% saying definite. The Poll ended when the announcement was made folks. image >>



    I forgot to vote and wanted to see the end results. I tossed in what my vote would have been from yesterday (ie no QE). Was wrong just like the pack. image

    Just to keep the record straight, Jim Sinclair said the FED would never come out and make a formal announcement like they did today. It's just not how "it" is done.
    Well Jim had the QE to infinity part down from 6-9 months ago. But he was off on this call. It probably influenced me to vote the same way as well. Normally, I support
    JS when others are bashing him needlessly. This time he got it wrong big time. Not the first time....won't be the last.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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