News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Monetary Mayhem

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:

2/3 of its value gone in 4 months

And the leading Bank by market cap, ING is no better:

about the same as ABN Amro

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?

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