Gold & silver ETFs soar after Fed's QE announcement; gold at $1,527

Please take a look at the gold, silver, and precious metals ETFs (that we track live here). It's is a sea of green:

With the price of gold hitting  a new record high, it is no wonder:

The reason for this is clear, QE continues.

Bernanke: “We are going to continue to reinvest maturing securities, both Treasuries and MBS, so the amount of securities that we hold will remain” approximately constant,  “The amount of monetary policy easing should remain constant going forward from June.”"