Gold & Silver Slammed After ECB/Basel Committee Comments
A combination of ECB minutes showing some members looking for more stimulus and Basel Committee publishing final risk rules which will mean stiffer capital demands from banks has sparked weakness in EUR (sending the USD higher) and sparking and instant slam-down in gold and silver.
So this:
- *ECB ACCOUNTS SHOW SOME MEMBERS ARGUED FOR MORE STIMULUS IN DEC.
Yay - some is better than none! Vague hope.
And this: