Re: Numerous credit downgrades today Eurozone mess with no end in site
posted on
Jan 14, 2012 10:54AM
Ppl. are forgetting just how strong the gold market is, and that gold miners benefit directly. We have credit downgrades in Europe, even those countries that have a healthy balance sheet. This is a move by the banking sector to push ppl. into U.S. treasuries. Surprisingly, GBN.V got it's own 'downgrade.' Just yesterday at the end of the day, GBN.V was removed from the preferred shares list on the Venture. (as per stockwatch) We have now absolute proof of confirmation that the banking sector is heavily exposed on the short side of the market after 20 years of accumulated naked shorting. ABSOLUTE HARD EVIDENCE.