Condor Resources Inc V.CN

Store of value

[Crashcomingsoon]

Credit Bubble Bulletin

My Comment: I see very difficult economic times ahead that the Fed and other CBs will not be able to control.  It's all about the massive global debt.  It's a financial crisis of epic proportions. Got gold ?

Excerpt:

Friday trading had another dynamic worthy of mention. On the release of higher-than-expected May CPI, the dollar quickly rallied, as bond yields jumped higher. Gold initially responded as it typically would in such circumstances, trending lower. But then, as bank and financial shares came under heavy selling pressure (with bank CDS moving sharply higher), gold enjoyed a burst of strong buying – ending the session up almost $24. While the precious metals of late have been caught up in de-risking/deleveraging and speculator liquidations, Friday trading provided an inkling of how a crisis of confidence in financial assets – and finance more generally – could spur safe haven buying in stores of value tested over centuries.