Friday 28 October 2011

Fiat bailout............from Rico

This is what a global fiat "bailout" looks like on one chart.

Silver is up 11% since last Friday (and 16.7% since Thursday last).
Gold is up 8.5% from Thursday last.
The US Dollar [DXY] is 1.6% weaker.

And anyone having the misfortune of holding Greek bonds should have just learned that their Credit Default Swaps are 100% worthless.

No comments: