Deutsche Bank, China, Europe, Greece (again), NPLs, misallocated capital and lots of it, under-performing-banks, excessive debt, excessive credit, Japanese malaise, low interest rates from here to eternity..........a litany of the evils resulting from easy money. Add in terrorism, ISIS, North Korea, and the zany Mideast, and we have a perfect storm caused by human frailty, greed, insanity, etc., all of which leads me to note that:
gold finally showing its raison d'etre, though it needs to surpass and maintain 1200 USD before I start to get excited..
I'm expecting a substantial slam to POG soon. But it will be temporary.
Happy New Year, we are about to embark on Mardi Gras, though the revelry has been non-stop for about a week.
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