Federal Reserve Bank Credit Expanded By A Large 9.2 Billion Last Week Ending 12-28

Which probably foretold this spike move by most indexes. If you look at the releases in late September or October during or just preceding (since this is a lead indicator) the gold/silver stock correction Federal Reserve Bank Credit was contracting or only slightly expanding. Federal Reserve Bank Credit may be a good lead indicator for large moves, for indicating that large moves are unlikely, and for identifying likely turning points. I'm going to track this weekly.

Federal Reserve Bank Credit 826,403 + 9,225 Million
Currency in circulation(5) 792,056 + 8,256 Million

See http://www.federalreserve.gov/releases/h41/Current/

See http://www.federalreserve.gov/releases/h41/ for all releases.