There was quite a bit of central bank concern over the results of the 'stress tests' for the European banks.
I will not address the tests themselves here, but let it suffice to say that they only involved the banks' trading portfolios, and not their loan portfolios, which could give you some idea of their lack of rigor. And 7 of 91 banks failed.
But the spokesmodels on Bloomberg were remarking, frequently, that the markets are pleased by the tests and the crisis is over because 'stocks are higher,' and 'gold was lower.'
The lies and market manipulation will continue until confidence is restored.
Gold Daily Chart
Gold Weekly Chart
Silver Weekly Chart
Miners (HUI) Weekly Chart
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception