Taper On! Fed Cuts QE Another $10 Billion A Month!

Bernanke taperJanet Yellen’s first FOMC statement is out:

  • Fed tapers another $10 billion/month beginning in April
  • Beginning in April, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $25 billion per month rather than $30 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $30 billion per month rather than $35 billion per month. 
  • Gold & silver smash commences on que

Janet Yellen’s first Full FOMC release is below: [Read more...]

Watch Bernanke’s LAST FOMC Press Conference LIVE at SD at 2:30pm EST!

Watch Ben Bernanke’s LAST FOMC Press Conference LIVE below at 2:30pm EST! [Read more...]

Punt the Bernank!!

Source: Banzai7

Source: Banzai7

Ahead of this afternoon’s October FOMC statement (and as we await the imminent gold & silver smash), as tradition here on SilverDoctors, in what might be one of the last opportunities before the Fed Chairman is shown the door, we bring back Punt The Bernank!

[Read more...]

Fed Holds Serve- No Taper! Fed “Prepared To Increase Or Reduce QE” As Needed

  • Source: Banzai7

    Source: Banzai7

    Fed to hold serve on QE, no taper yet

  • ZIRP to continue indefinitely
  • Fed “Prepared To Increase Or Reduce QE
  • Gold & silver bouncing- silver clears $20, gold holds $1300 

    Full FOMC statement is below: [Read more...]

FOMC Statement Released Early, Fed Prepared to Increase or Decrease QE

  • MOPE reaches spiritual levels as Fed states is prepared to increase or reduce asset purchases (we have no idea what our plan is- that should instill confidence in the market!)
  • ZIRP to remain as long as official unemployment remains above 6.5%
  • Metals breaking out to the upsideFull FOMC statement is below: [Read more...]

FOMC Minutes Answer Eric Sprott’s Questions Regarding Source of US Gold Exports!

Bernanke-Dimon-Fed-TunnelAhead of today’s FOMC statement (and in light of Eric Sprott’s 2nd installment of Do Western Central Bankers Have Any Gold Left?), we thought it a good time to recall a conversation between Alan Greenspan and others made at a December 1992 FOMC meeting in which key secrets were revealed regarding manipulation of the gold market by Western Central bankers.

As The Doc discussed with Eric Sprott in our recent interview, the US exported $4 billion in gold in December.   Eric pointed out that $4 billion is 2.5 million ounces of gold exported in a single month, when the US produces 8.8 million ounces annually.  Eric asked rhetorically where 2.5 million ounces of gold were coming from.
Courtesy Former Chairman Alan Greenspan and the minutes from a Dec 1992 FOMC meeting, we just may have the answer for Mr. Sprott… [Read more...]

QE4: Fed Announces Increase of $45 Billion in UNSTERILIZED Monthly Treasury Purchases!

QE∞ is now QE∞er, and QE4 is official as the Fed announces $45 billion in NEW unsterilized monthly treasury bond purchases, exactly as expected by the market.

  • FED INCREASES QE WITH $45 BILLION IN NEW MONTHLY TREASURY PURCHASES
  • FED TO CONTINUE MORTGAGE BONDS PURCHASES AT $40 BILLION PER MONTH
  • OPERATION TWIST EXPANDED INTO UNSTERILIZED BOND MONETIZATION
  • MONTHLY PURCHASES TO TOTAL $85 BILLION
  • FED: RATES TO STAY EXCEPTIONALLY LOW WITH JOBLESS ABOVE 6.5%
  • Gold and silver popping

Full FOMC statement below:  and Click here to watch Bernanke’s Press Conference on QE4 LIVE at 2:15pm EST: [Read more...]

Full Text of FOMC Statement

HERE WE GO….

Just released FULL FOMC statement.

Commentary to follow once The Doc has scanned the summary: [Read more...]