• Sprott Money
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    Many price-battered precious metals investors may currently be sitting on some quantity of capital that they plan to convert into gold and silver, but they are wondering when “the best time” is to do...

Archive - Jun 14, 2012

Tyler Durden's picture

Spain's Unlucky Number Seven





Spanish downgrade aftermath: SPG at 7%. Well, not quite 7%.... 6.998% as of 5am Eastern. A new record. We give it a few hours before 7% is breached once the news hits that Moody's has cut Spain's three biggest banks by 1-3 notches as explained yesterday. Also, CDS at a record 611 bps is not helping either.

 

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