The open interest on gold comex fell from 478000 top 471000 for a drop of 7000 contracts. The OI on silver dropped by 928 contracts to 124000
Note: the last entry no change in the LGD (also no change in SLV). Also note that the 10 yr and the 30 yr increased in yield.
In other words, the 30 day decreased in yield and the long end increased in yield. Very strange events!!
There was two bank failures yesterday, the Irwin Union Banks of Kentucky and Indiana. The loss to the FDIC is a rather large 800 million dollars.
Sheila Bair has now petitioned the Treasury for extra funding:
Then we got this from a cafe member: (I have highlighted these mortgages to you in the past)
but more important: this commentary about Wells Fargo's impending demise: