The FED performed another POMO (Permanent Open Market Operation) purchase today worth $6.810 billion dollars. This brings the grand total since August 17th 2010 to $137.529 billion dollars. The FED has cranked up the printing presses in high gear lately. One would think Gold would go up as much as is being printed.
Operation 1 - RESULTS
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| Operation Date: | 11/30/2010 |
| Operation Type: | Outright Coupon Purchase |
| Release Time: | 10:15 AM |
| Close Time: | 11:00 AM |
| Settlement Date: | 12/01/2010 |
| Maturity/Call Date Range: | 12/31/2014 - 05/31/2016 |
| Total Par Amt Accepted (mlns) : | $6,810 |
| Total Par Amt Submitted (mlns) : | $23,532 |
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