Earlier this afternoon, the U.S. Senate Permanent Sub-Committee on Investigations issued a report on JP Morgan, specifically the "London Whale" derivatives trading loss fiasco. 

Just a brief post today concerning a couple of anecdotal demand indicators.

Last week, I reached out to our friend, Ned Naylor-Leyland for a progress report and status update on what we call The NASE (Ned & Andy's Silver Emporium). 

Another day, another gun of the sell-stops. That's four days in a row. Most folks call it a rebound. 'Round these parts, we call it an FUBM!

Not much going on today other than WOPRs banging the stops. Tomorrow, however, will be different.