Nice little jump there

MatrixOpals said:
60 cents? Don't worry, it will come back down again. Have a look at the gold, still nose diving. Since gold drives both most times hence my reasoning silver will come back down.
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Price is USD is actually buoyant at spot $1512.03 as we speak - tomorrow is 'end of QE2' and almost nobody knows what to expect.

Price is AUD is $1415.34 ... subdued downward pressure due to rising AUD (back to 1.065 from 1.040).
 
I don't want a jump, I want a PLUNGE!!!

When the next 500+ ounces are in my hands, THEN i want a "nice BIG jump"

;-)

OC
 
Miss Silver said:
Sky business said last night , Gold to $800 a oz.
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But for Australians,it depends what the AUD does.
If it falls badly,gold might be $800 usd,$1400 AUD.
 
It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year.
 
"It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year."


QE3 by stealth, as expected, as they have NO choice!

The only thing is that they have to flog $1.6 TRILLION of the stuff, and on top of that is all the maturing debt in that (every) year.

There will be no end to it!

OC
 
projack said:
It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year.
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The system is eating itself :o
 
projack said:
It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year.
Click to expand...

Is that new debt or simply rolling over old debt? In any case that is only equiv of 2 month worth of QEII.

All my research, none of which can explain a scenario where QEIII could start with the debt ceiling remaining unchanged?

There are some smarter people than me on here so if you have a theory on how this could happen then I would love to hear it?

Cheers

Chris
 
Lovey80 said:
projack said:
It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year.
Click to expand...

Is that new debt or simply rolling over old debt? In any case that is only equiv of 2 month worth of QEII.
Click to expand...

They are funding this $300 billion purchase by obtaining the capital from the mortgage bonds etc they hold which are maturing. This was the debt that the Fed bought off the banks so I guess they are MBS but as to their quality I have no idea.

All my research, none of which can explain a scenario where QEIII could start with the debt ceiling remaining unchanged?
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+1. I don't think they can either since 10 year+ T-bonds are completely not selling. They can however, temporarily try and stem the bleeding by using capital from their bond holdings which are maturing.

We shall see.
 
I see a drop tomorrow and I'm buying, not a lot but as much as I can spend right now. Silver seems to be holding better than gold though no such if it will dive as much as gold.
 
Lovey80 said:
projack said:
It was reported yesterday on CNN.com the Fed Reserve is scheduled to buy at least $300 Billion worth of Treasuries in the next year.
Click to expand...

Is that new debt or simply rolling over old debt? In any case that is only equiv of 2 month worth of QEII.

All my research, none of which can explain a scenario where QEIII could start with the debt ceiling remaining unchanged?

There are some smarter people than me on here so if you have a theory on how this could happen then I would love to hear it?

Cheers

Chris
Click to expand...

Its rolling over old debt.

The Fed hasn't been buying all the treasury and bond issues so if buyers started walking away from the auctions they could just increase the percentage they are buying regardless of whether the debt ceiling gets raise. Can't see the debt ceiling not getting raised though, tax raises and spending cuts would have to be much bigger than either party is talking about I would think.
 
buy when the drop started to slow down, and stop buying when the climb started to accelerate. heheh. loaded now. already in the mail.
 
The market is about to get cocky with the official "end" of QE2.
Add the Greek bailout being on the road to "success" and the final rise before GFC2 is around the corner.

Next week will be interesting O_O
 
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