Gold and Silver surge after FED announces more money printing

The US Dollar Index fell sharply as gold and silver both rose to new records. Stocks also made large gains as investors appeared to be looking for investments that would offer protection from currency debasement.

The US Dollar Index dropped below $76 and is (as of this posting time) at $75.92. The DOW rose by 220 and the S&P 500 by 23 returning to levels not seen since the early days of the panic of 2008. Gold and silver however posted the strongest gains, rising by 3% and 6% respectively. Gold settled at $1392 oz (within striking distance of $1400) and silver at $26.39 oz, a high not seen since the great silver boom of the early 80's.