Quantitative Easing rumors are now spreading like wildfire. Speculators have already grabbed one commodity, tin.

Tin climbed the most in almost four months in London as prospects of low U.S. interest rates at least until 2014 boosted speculation of increased demand for the metal used in mobile phones, plasma screens and cars.

Gold bugs are also going nuts and most commodities have jumped in prices, almost overnight.

There was a one two three punch by the Federal Reserve. First the FOMC announced uber-low interest rates until 2014.

The Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.