There was intraday commentary about The Day Money Dies here.
I wrote about it primarily because it was getting a lot of play, and raising some concerns and questions. It seems to have caught the attention of many.
And as you know I am following what the G20 does this weekend in Brisbane. I do not know about rules for bail-ins, but there are some who think that the BRICS may have something to say of interest at a forum which is not dominated by the US and UK.
I have approached many such meetings with anticipation in the last few years. And mostly nothing of consequences occurs.
The usual suspects were caught rigging the markets again. You may read about JPM and the agents of misfortune, and most likely US government policy when their interests coincide, here.
Gold and silver were flat in largely lackluster trade.
A friend keeps discussing the 'delta of delivery' with me.
By this he means the movement of gold from West to East, which is a big change from prior states in the precious metals market, particularly gold.
This is a trend that it would be foolish not to note, and watch. So be advised.
Let's wait to see what the G20 have to say before we go jumping to any conclusions. But I do think that caution is advisable overall. The fundamental things apply, as time goes by.
"For what does it profit a man, to gain the whole world, but to lose his soul?"
Have a pleasant evening.