One of the more significant, if largely underreported events from last Friday, was the Fed's surprising announcement that it would conduct a closed meeting tomorrow, April 11, at 11:30am "under expedited procedures" during which the Board of Governors will review and determine advance and discount rates charged by the Fed banks.

"In the afternoon, the president will meet with Federal Reserve Chair Janet Yellen to discuss the state of the American and global economy, Wall Street reform, and the long-term economic outlook; the vice president will also attend," the statement said.

According to Reuters, the president and the Fed chair meet regularly to discuss economic issues. Still, one can't help but wonder what will be said in these two back to back meetings, both of which will be closed to the public.

(( GOT SILVER )))