Both Gold and Silver spiked higher in the New York trade on the pronouncement from the Fed that they expect to keep rates near zero until at least late 2014 (they also said tractor production was up and the Motherland was in great shape).
The FOMC edict was also accompanied for the first time by the individual stances of the FOMC commissars, as to raising rates; five said 2014, four said 2015, two said 2016, whilst three went for 2012 and another three went for 2013.
In response to the extending of the negative interest rate environment in the US Gold and Silver had this to say:
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