FED POMO Purchase

The FED has the printing press in hyperdrive now.  The Fed executed another POMO (Permanent Open Market Operation) Purchase today worth $8.154 billion dollars, bringing the total since August 17th 2010 to $104.210 billion dollars.  You can see in the charts below that the Fed has stepped up purchases.

This should be good for Gold and Silver, unless the price is being suppressed (as it has been in the past week).

OPERATION 1 - RESULTS

Operation Date:	11/17/2010
Operation Type:	Outright Coupon Purchase
Release Time:	10:15 AM
Close Time:	11:00 AM
Settlement Date:	11/18/2010
Maturity/Call Date Range:	02/15/2018 - 08/15/2020
Total Par Amt Accepted (mlns) :	$8,154
Total Par Amt Submitted (mlns) :	$29,905