by Dan Norcini
Trader Dan
There seems to be a huge rush into both gold and silver overnight, but especially into silver. This is occurring along side of a massive rally in the long bond which has taken it above 174 and into a brand new all time high.
[…] The catalyst for all of this seems to be growing fears over the well-being of Deutsche Bank.
The IMF labelled the bank as the “riskiest financial institution in the world”. Not exactly a soothing nomenclature.
Additionally the IMF said that “among the globally systemically important banks, Deutsche Bank appears to be the most important net contributor to systemic risk, followed by HSBC and Credit Suisse”.