Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

] Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest … Read more

Deutsche Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk

Deutsche Falls To New Record Low Showing 'Lehman Shock' Contagion Risk

] * Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’ * GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’ * Gold prices are … Read more

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

] Source: Bloomberg ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in … Read more

Deutsche Bank On The Verge Of Creating The EU’s “Lehman Moment”?

Deutsche Bank On The Verge Of Creating The EU’s “Lehman Moment”?

] NEWS and COMMENTARY The Deutsche Bank Death Watch Has Taken A Very Interesting Turn by Michael Snyder via Zero Hedge The biggest bank in Europe is in the process of imploding and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular … Read more