Gang (knights) this is pretty important. An derivatives dislocation blow up just happened and the FED of course kept it under wraps. This is what the credit spread spike was all about. Somewhere a bank just blew up and the FED rescued it. So the question is was it just phase one and the big one is coming down the pike? Check out these charts, the article and the video. Maybe this is what is driving gold.
The source of the fire?