Sent the following to LeMet, makes sense to me.

Bill,

On Friday, April 16, 2010, the metals were routed with gold down $24.30 and silver down 75 cents. The DOW was also down 125.91 and the DOG was down 34.43. I think this has a lot to do with the April 15 tax deadline. We had the same thing in 2009 on April 16 when gold was down $13 and silver was down 51 cents. Everyone who expects a tax refund filed months ago, while everyone who owed money filed on April 15. Personally I sent the State of Maryland and the DC mafia $16,000 combined on April 15th. I use the Bank of America (due to location only), and they will need to forward the government my $16,000. I don’t think the Bank of America had my $16,000 or the billions of dollars that other people mailed the government. So where did the Banks come up with the billions they needed to send the government? Some probably sold assets in the stock market or commodities. Most probably sold stock and commodities short. This bear could last a couple of days as the banks have to make the checks good, although electronic payments probably cleared on the 16th and may be the bulk of transfers. It will be interesting to see if the Federal Debt gets some relief for a couple of days as the money comes in. Regards,

-Bryant