I just saw a story on BNN that has someone explain why Canadian banks are better positioned than most in the world.

The flashed a chart that showed the multiple of leverage to assets.

in the US of A the multiple is 25

in Canada - 18

in Europe - 30

in the rest of the world average of 40

Some are saying that there is a crisis coming in European banking systems.

If thats the case, then we can expect to see Gold and Silver rise in time. Right now there are so many out there that are in denial that if something positive comes along for financials, they jump all over it.

But when the European banks start to take a hammering, we could see lots of money moving into Gold as a last hope of refuge in a storm that started last year.

JMO