Several gold stocks posted gains Thursday morning, as the price of gold surged after the Fed announced Wednesday that it will buy long-term Treasurys.

Gold for April delivery climbed above $950 Thursday morning, to $952.30 an ounce, up 7.1% from Wednesday’s closing price of $889.10 an ounce.

MarketWatch noted that the Fed announced that it was “committed to buying $300 billion in longer-term Treasurys to help the struggling American economy recover.” Wednesday’s floor trading ended prior to the Fed’s announcement that that it will buy long-term Treasurys, it noted. Shortly after the Fed’s announcement, the price of gold began to surge, while the U.S. dollar tumbled.

Among the gold-related gainers Thursday were Gold Wheaton Gold Corp. (TSX: V.GLW, Stock Forum), up 14% to 23.5 cents, Iamgold (TSX: T.IMG, Stock Forum) which climbed 8.3% to $10.30 and Kinross Gold (TSX: T.K, Stock Forum) gaining 5.3% to $23.04.

Silver for May delivery also surged Thursday, climbing 12% to $13.41 an ounce.

On the Bullboards, posters continued to discuss the metal’s moves, including touareg on the Pediment Gold Corp. Bullboard, who said: “The big news is: FED buying treasury bonds = major gold rally Its rock an roll time.... get some quality gold stocks while you can[sic]”…

Meanwhile, in a post entitled “Gold & Silver Prevails” on the Excellon Resources board, dudediligent posted the following comments: “Both much higher gain this morning and the USD continues to crash. CDN dollar is spiking higher as a result. The initial quick fix influx of cash injected higher stock prices this morning only to fall back below those false rally numbers as reality sets in. Any fall back in the POG or POS or related stocks should be seen as opportunity to add[sic]”