The U.S. had a 10 year bond issue that went well yesterday. Of course the fact that the auction appears to have been rigged does not matter. Already the dollar is up 40 basis points tonight and silver is down 35 cents. So all is well for a couple of days until some U.S. state or city goes bankrupt, house sales go down, unemployment and prices go up, or Congress passes a 2 trillion dollar increase to the debt limit. Between the hedge funds with attention deficit disorder trying to make a fast buck and ignoring fundamentals and the government lies and minipulations people are placing their money on hope and not on reality. My impression is that the construction industry is bouncing back, but it does not matter, the Federal, State, and Local governments are broke and will default.