Yep the US is auctioning off a record 126 billion in treasuries this week I beleive. I hear the inflation protected treasuries or TIPS aution did not go so well today. That is not a good sign for the rest of the auction this week.

However how can you blame these buyers when it appears that the US can not even get its stats right. According to Karl Denninger who has gone over the report the supposed -0.1% CPI reported last week that helped save the DOW and knocked gold down should have been +0.1 %.

How does a spread sheet make an error like that I wonder?

Hahahahahahahahahahahahahahahahahaha.

All in my honest opinion of course.

F.F.