RE:RE:RE:RE:Market Op-EdDB was lower than $5.50 yesterday, someone said if it goes to 3.90 DB is finished. Then all will be in domino effect collapse. Market bouncing back, for how long? I'm in a positive view but recent interview with respectful people shows things will get bad and Covid19 was just a trigger for financial mess to collapse....
Guys, if someone holding cash in a bank - think twice, if financial world start collapsing we can see banks will close overnight, literally, you will come to the bank to withdraw some money and you will see a policeman at the door saying "bank is closed". I, my family has been in this situation, all money saved, all pension funds, all education funds for kids, all was gone, cash money we got in our pockets become worthless.
Anyway,
my only suggestion: do not panic, and if you need something done for your home, car, or buying washer/dryer that you postponed - do it now, because this will be real things you get from your money. Money in a bank is not your money.
Have a nice weekends, guys.
Victor.
mackvorkian wrote: There is a lot of bad info out there. It would not be a stretch to have to hole up in one's house for 3 months. Definitely not 2 weeks. After 5 weeks, they are still locked down in Wuhan China.
As for the POG, the traders, speculators, investors will realize that there is no where to hide or even make money except in Gold and Silver.
The market was on its last legs when the CV hit. It was and still is way overpriced. DB is at an all time low and they have $40 Trill in derivatives. When they blow up, it will take down the corrupt world banking system. Gold will shine. So also will NRG.