Post by
MaterialsMan on Mar 12, 2023 8:06pm
What is next
Lot of news coming out regarding the leaks in the dike and the FDIC and Treasury Dept.'s attempts to repair them while assuring the U.S. citizenry that non of the rescue package will come from the taxpayer.
Noticed that NCM was up about a buck on the ASX. That may indicate that gold stocks could have a decent day to open the week.Gold almost cracked 1900 at the open, but it did not last. The two banks being rescued this week end make for the second and third largest bank failures in U.S. history. SVB on Saturday, and Signature on Sunday. I don't think that Silvergate counts for much. But, it does make three for the week. Wonder if monopoly money (fiat currency) has anything to do with this.
Comment by
BlindMouser on Mar 13, 2023 1:53pm
SVB had big exposure to crypto, aka the biggest scam since enron. Crypto is for suckers and latte sipping city dwellers lol