.................The Fed Lent $17 Billion So Far Today

Huge day after two goose eggs. Last Thursday was $16.75 Billion, which is probably a coincidence that they're such similar amounts. Today's huge lending to index fund traders should help some, but a substantial decline is still likely the next few days if HUI, NEM, and the XAU hit minor int term cycle highs this week. NEM should soon start to underperform the XAU by a wide margin. That'll be the sign that they're about to fall hard.
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm