NY Fed says US Q1 credit account enquiries dipped

NY Fed says US Q1 credit account enquiries dipped, viewed as an indicator of consumer credit demand

• US Q1 student debt rose 3.4% to USD 904bln
• US Q1 mortgage balances fell 1%
• US Q1 consumer debt down 0.9% from Q4
• US Q1 household delinquency rates at 9.3%, down from 9.8% in Q4
• US Q1 mortgage originations rose to USD 412bln

http://data.newyorkfed.org/newsevents/news/research/2012/an120531.html

Capital flight from EU and stock market in full swing

For the record I bought Gold this morning I am watching gold and silver here very closely. But not for the reasons you may think.
I'm using it as a guide that tells me people are pulling their money out of European banks and buying gold and silver coins. That is the only reason I feel the metals are rising or holding right now against this backdrop of the rest of the world's sinking financial statistics. Stock markets included.