QE3 or No QE3: What effect will it have on silver prices?

[prince_of_sales]

So on the American 12th/13th we have another Federal Reserve policy-making committee. If Bernanke announces QE3, or at least hints heavily at it, we all know the price of silver is going to go gangbusters.

But what if he doesn't and puts a damper on things? Surely this will be bearish for silver in the short term, perhaps eliminating all the recent gains from the 20s we experienced in the run up to Jackson Hole earlier in the month.

The announcement of Operation Twist and the subsequent largest 1 day loss for silver in 30 years has really kept in my mind from last year.

I'm not saying that silver will remain depressed at all, we all know it is going higher in the long term of course.

 

[wrcmad]

According to GATA, QE and the USD are not the key to silver price.

http://forums.silverstackers.com/to...ery-problems-expected-gata-on-kitco-news.html

So I guess it depends on which permabull you choose to believe today.

 

[DoolBrevlis]

So on the American 12th/13th we have another Federal Reserve policy-making committee. If Bernanke announces QE3, or at least hints heavily at it, we all know the price of silver is going to go gangbusters.

But what if he doesn't and puts a damper on things? Surely this will be bearish for silver in the short term, perhaps eliminating all the recent gains from the 20s we experienced in the run up to Jackson Hole earlier in the month.

The announcement of Operation Twist and the subsequent largest 1 day loss for silver in 30 years has really kept in my mind from last year.

I'm not saying that silver will remain depressed at all, we all know it is going higher in the long term of course.

Does BB have to announce it to make it official? Maybe he'll say no way!
Perhaps his words will have no impact on silver.
Perhaps they will.
Either way, BB will be needing to plan out something to say next. Might have to be sooner than he thinks because I believe the term "gangbusters" may very well be a common word in this here forum.....