- It appears the U.S. government isn't going to break the bank at Deutsche, with an earlier report suggesting the lender will settle mortgage-related claims for just $5.4B vs. the $14B which earlier had been rumored. The news sent DB higher by nearly 15% on today's session, with the rest of the banking sector and European and U.S. averages also moving sharply higher.
- Investors had been cautiously bidding gold higher earlier this week on contagion worry, but have been bailing today, with the metal falling from above $1,330 per ounce to its current level of $1,320. GLD -0.3%
- ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX