Gold Market Wire
News, analysis and commentary for gold traders and investors
Dutch Banks are Being Massacred
May 20, 2020 - (Gold Market Wire) - No amount of "fingers in the dyke" can stop the water that is set to overwhelm the Dutch Banking System. The two publicly traded entities, ING and ABN Amro are the first and third in size of the three main Dutch banks. The second in size, Rabobank, is a co-operative that doesn't trade. For that, they may consider themselves lucky.
Performance is startling for its depravity. We'll start with ABN AMRO:
And the leading Bank by market cap, ING is no better:
It's a blood bath out there today... which is really just a continued 'letting' of the blood bath of the past two years. The smell of unclearable, unaccountable OTC Derivatives is in the air, and it doesn't smell good.
Ask yourself just one question: How does a "Single Bank Resolution Mechanism" (*The EU's poster child for bank failures) operate when they all fail together?