Barely clearing the roof
--Crowded House
The banks continue to trade heavy. The BKX is toying with its 200 day moving average, something that it hasn't done since the Thanksgiving 2012 lows. Multi-year uptrend line lies a couple of points below.
Stiff head wind for the broader tape...
position in SPX
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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The bank hath benefit of interest on all moneys which it creates out of nothing.
~William Paterson, founder of the Bank of England, 1694
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