GOLD LONG - EQUITIES SHORT? DB COULD IGNITE A MARKET MELTDOWN!
Ghost Chart – NorthmanTrader https://northmantrader.com/2019/05/22/ghost-chart/#comments
As already mentioned last week, markets show a
bizarre behaviour, tripple top in the Dow Jones Industrial and the SNP500 and
precious metals losing more and more ground while Central Banks purchases in
gold ounces are on record high. However if Central Banks will stop to short
gold Futures, you'll see prices to increase rapidly in gold. There is no
doubt about it. And the meltdown could come with Deutsche Bank falling below
$6,40/5,70€ causing a bloodbath in DB stocks due to a possible sell-off at
this point following a loss of faith into the bank. Thus then will cause a financial tsunami, since Deutsche has one of
the worlds largest numbers of derivatives in its books. So if one will lose
faith into DB and start to sell it, others could follow.
Once again, DB is trading near its record low at 6,58€.
So make sure you are hedged, when the music stops playing.
Once again, DB is trading near its record low at 6,58€.
So make sure you are hedged, when the music stops playing.
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