The precious metals markets are going through the roof!

Silver - over $40 dollars an ounce!

Gold - over $1,500 dollars an ounce

Adding fuel to that fire is the fact that the Fed is printing an additional $600-billion-dollars! Now that spooks markets. And let us also not forget the international rage that Bernanke is causing around the world!

Here are just a few observations from world leaders:

Germany’s Finance Minister Wolfgang Schäuble: “US policy is clueless.”

China’s Finance Vice Minister Zhu Guangyao: (the U.S. is ignoring) ” … its responsibility to stabilize global markets and did not think about the impact of excessive liquidity on emerging markets.”

Russia has joined in with officials saying the US Fed should ask permission from other G-20 members before cranking up the printing presses. According to the news release: “Russia’s president will insist that such actions are taken with preliminary consultations with other members of the global economy.”

Brazil’s Finance Minister Guido Mantega warns of a global currency war and predicts the Fed’s move will be ineffective, saying, “Throwing money out of a helicopter doesn’t do any good.”

South Africa’s Finance Minister Pravin Gordhan, a prominent voice among finance officials from emerging economies, said the Fed’s move was “disappointing” and that it undermines the whole spirit of the G-20 meetings.

Meanwhile …

Dallas Fed President Richard Fisher, a frequent critic of Fed policy is warns that QE2 (quantitative easing) risks further declines in the dollar, more market speculation, higher commodity prices and a loss of credibility for the Fed.

Even Sarah Palin, who can see inflation from her front porch, is publicly demanding that Fed Chairman Ben Bernanke “cease and desist!”

Investors hate this turmoil. When they see it, they just naturally rush to the safety of silver and gold.

Be sure to order your copy of “Going for the Gold!” today! Simply comment to this post and say "Gimme!"

(Source: Weiss Research)