The Fed Added A $7.25 Billion 1 Day Repo

For a total of $18.25 Billion today, which is massive, and accounts for much of today's strength due to index fund trading/buying their gold/silver stock components. Without massive punch spiking the Wave B short term upcycle would probably have been pretty anemic. There's been massive punch spiking every Thursday for at least the past 4-5 weeks. http://www.JoeFRocks.com/ http://www.newyorkfed.org/markets/omo/dmm/temp.cfm