• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Is Obama About To Crash The Gold Market Again?

Tyler Durden's picture




 

CBS' White House correspondent Mark Knoller noted earlier:

Leading to our kneejerk response:

Why? Because while correlation is not causation (but suggests you are on the right path), recall what happened the last time the President, somewhat unexpectedly, met with the CEOs of all the big banks.

 

This happened...

 

Gold also peaked at just after 11am ET...

 

as did Crude oil...

 

So what did Obama tell them?

 

and today we are seeing gold, stocks, and oil rolling over modestly...

 

or is this starting to freak him out?

 

So much for the better bargain...

 

Charts: Bloomberg

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