Friday, February 5, 2010

Fed Already Signalling Possible Need to Extend Mortgage QE

Laughing my ass off.  I said in a post in early December that I would bet a large sum that the Fed, within the first quarter of 2010, would announced that it was extending and expanding its QE, a.k.a. money printing operation, in order to support a failing economic system.   Well, here it is from the pages of the Washing Post - William Dudley, Prez of the infamous NY Fed spills the beans:  More Fed Printing on Deck

I truly hope that everyone used this latest correction in the gold/silver/mining stock market to pick up some more gold and silver bullion and add to their favorite mining stock positions.  When I purchased a slug of 1 oz. Austrian Philharmonics from Tulving, it took me 10 minutes to get through (I've never even experienced a busy signal there).  When I asked if they were busy with buyers or sellers, they said they were selling tons of silver today.

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