Bank Stress Test Farce
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Thursday saw the bank stress tests and of course they passed displaying a model if there was another financial calamity. In my opinion, those tests are a croc and none of these big banks would survive without the legalized Ponzi scheme being run by the Fed and central banks around the globe.
Gold and silver, which have been battling to regain some strength, held on Thursday and are pushing higher on Friday. The economy is on edge along with markets and the tops appear in. Look for some money to flow into alternatives, including grains and other softs. This looks like a great spot for gold and silver.