Deutsche Bank Fuels Silver
acting-man.com / Keith Weiner / October 3, 2016
Are Bank Woes a Good Reason to Buy Silver?
Last week, it was the Fed’s magic boosting up the price of silver. This week, the slow slide in the silver price resumed, going all week except during peak fear about the woes of Deutsche Bank.
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When it looked bleakest—and the potential size of the capital-eating fines was highest—there was a wicked little rally in the metals, spiking silver up from below $19.10 to $19.70 in a few hours. However, the price reversed just as fast, on news of a settlement with the US Department of Justice.
Folks, what do we know about the price of the monetary metals? But if we had a thought, it would be that when the real run on a major too-big-to-fail bank occurs, the primary flight will be into the dollar, with some capital flows into gold. There will be a rising gold-silver ratio. Not a good time to bet on silver.
In any case, that does not appear to be happening just yet, or at least not the week of Sep 26. In yet another variant of irony, our running inside joke-slash-point bears repeating for a third week in a row:
Just repeat after me: “the Fed makes the economy more stable.”
A major money center bank is in the throes of, well, the throes of something serious.
The post Deutsche Bank Fuels Silver appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/10/03/deutsche-bank-fuels-silver/
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