The POG is up $60 over the last 5 hours (from the lows of the typical comex takedown at 10 am). This is significant in itself, but what makes this event even more unique is that it comes 2 days before an option expiry. On a day when the shorts would be doing everything to force the price down going into Friday, they were just stampeded by the bulls, reacting to the Fed's underlying message that they will continue to manipulate rates into the long-term future.

I predict that this will be looked upon as a significant event in the coming months, foretelling of a rally to at least $2100 in gold and $50 in silver. Time will tell how accurate that prediction is, but this is certainly some renewed bullish action, in a time when the sentiment for PM and the shares is significantly negative.