Gold and silver will be under pressure in these few days due to the options expiry period until Thursday. The bullion banks are working hard to push the prices down in order to profit.
However, looks like there are more bad new sin the horizon as Deutsche Bank capital falls to US$17B (US fine was US$14B), and Germany has ruled bailing out the bank. Meanwhile another large German bank, Commerzbank will fire 9,000 workers which is about 18% of its total employees.
These are signs of trouble brewing in the financial landscape.
In a big embarrassment to the ECB, the EU generated only 1 Euro growth for every 18 Euros of debt.
That is why a debt driven economy will ultimately failed and if continued will bring baout hyperinflation.
In a proposed revamp in a new Fed test, US banks would need to raise billions in new capital.
Meanwhile, on Monday we could see some volatility in the US$ as the Yuan officially enters into the IMF basket of currencies.
However, looks like there are more bad new sin the horizon as Deutsche Bank capital falls to US$17B (US fine was US$14B), and Germany has ruled bailing out the bank. Meanwhile another large German bank, Commerzbank will fire 9,000 workers which is about 18% of its total employees.
These are signs of trouble brewing in the financial landscape.
In a big embarrassment to the ECB, the EU generated only 1 Euro growth for every 18 Euros of debt.
That is why a debt driven economy will ultimately failed and if continued will bring baout hyperinflation.
In a proposed revamp in a new Fed test, US banks would need to raise billions in new capital.
Meanwhile, on Monday we could see some volatility in the US$ as the Yuan officially enters into the IMF basket of currencies.
IMF will officially announce YUAN included inside SDR on Monday? no more last minute decline?
ReplyDeleteSo far there is no news that it will be delayed. We will know on Monday when the markets begin trading on the impact on US$ and precious metals.
ReplyDelete