Hey IDC Holders
We have been saying this for a long time now on HC!
QEIII was always going to happen, the Global Economy was slowing and Govts do not have the cash for stimulus! (Except for CHina)
So it is up the each Central Bank to stimulate their economies!
Mr Bernanke has just unleashed one of the biggest monetary stimulus programs in the history of the United States!
The US FOMC announced last night announced an OPEN ENDED, $40Billion Round of Quantitative Easing!
This is in addition to Operation Twist and Near Zero Fed Interest Rates for the next 3 years!
Helicopter Ben is back!!! Printing $US and handing it out to the global economy!
Mr Bernanke and the FOMC have announced a $40Billion Monthly Money Printing Session that will be OPEN ENDED!!
This is a crucial difference to the previous Rounds of QE. QEI and QEII ran for between 6-9 months then ended.
Having an Open Ended Monthly Money Printing Sessions that will see an additional $40,000,000,000 worth of $US is very significant!
They will keep printing money until the US economy begins to show 3-4.5% GDP growth to bring down unemployment towards the 7% goal!
On top of this massive Round of QE, Operation Twist will continue, eg US Fed buying 10-30 yr bonds to push down mortgage rates for mums and dads. As well as interest rates near 0% for the next 3 years!
We can expect the price of gold to rise above $2000/Oz and Silver above $50/Oz by the end of this year on the back of this news!
The first of these minerals, Gold rose from $650/Oz to $1200/Oz after QEI, then rose from $1200/Oz to $1900/oz after QEII!
The current gold price is at $1774/Oz!!!
Mr Promnitz and his team are bringing our massive Gold and SIlver Mt Kare to life at the best time in 50 years for the Gold and Silver Prices!
IMHO, as we achieve these milestone events in the coming months IndoCHine Mining will be re-rated and we will see significant share price rises!
Have a look at that Gold Price Chart! And its about to go a whole lot higher!
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