Loading ...“My personal thought was/is that we are very close to a Derivatives blowup that will shake the world and bring down all the monetary systems.”
Agree. Given the action in the USD it could very well be some sort of monetary disaster. I posted a ZH article this am that the World Gold Council reported that central banks around the world were snapping up gold to the tune of 399 Tons last quarter. 300 of those tons went to an unnamed bank or entity. Why and who? Thing is, 400 tons is a $20 billion drop in the bucket.
I’ve never seen the USD drop 2% in a session. I’ve also never had a day percentage wise that was as strong as today. Made up the last two days big losses. Never happened before to me.
Long way to go still, just hope this is real.
Correction – 400 tons is $20 billion.