RE:RE:RE:Chicago Fed ( I mean BMO ) downgraded us...quebecnord wrote: Remember when the potash news hit, they ran around like a chicken telling everyone the potash market was "finished". I cut short my vacation to load up on Potash at $29.50, sold it all at $38. BMO was also shaking the gold miner a couple days ago saying "if gold breaks $1200 the mining will die". TD. Royal and BMO have huge operations in the US, they are tainted. they are in the fractional banking business, of course they don't like gold, even if they become break-even operations. THEY WILL NEVER GET MY GOLD AND SILVER. DEBT IS SLAVERY. bon weekend mes amis. :)
Yep. Royal is number one in interest rates derivatives exposure. Last time I recall, they were over 8 trillions in derivatives. Even small up change in interest rates will crush them like a bug. Bare in mind also, that those banks dont' even need to have any reserve in fractional reserve system. They talke 100% of you depost.
Also, those banks instead of defending domestic mining and energy, they crush it under Goldman Sachs/wall street command. It is sick when they bring those big bank "analysts" to comment Gold and Silver.
Centuries old words: Gold is money of kings, Silver is money of Gentlemen, while debt is money of slaves.