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Deutsche Bank is investigating a series of trades that may have improperly generated millions of dollars in personal profits for a handful of current and former employees.

One of those named in the scheme is Colin Fan, former co-head of Deutsche Bank's investment bank who left as part of a shake-up last October (allegedly due to his role in the transaction). Auditors estimate that Fan made $9 million on a roughly $1 million investment according to the WSJ.

We plotted three of the most recent gold equities bull markets on one chart (one year out), and it appears that the current recovery is overbought and due for a correction.

The 2016 bull market is rising fast, but if history repeats itself, the market should have already taken back some gains, something we may be experiencing the beginning of.

It appears that both of the previous corrections occurred four months after the initial run-up; in 2008 the Gold BUGS Index lost 20%, while in almost the same time span, the 2000 gold bull lost 18%.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.

Here are some key highlights from the meeting minutes:

With the stock markets vertical drops and pops this week, the following just seemed appropriate...

It has now been one year since The S&P 500 reached record highs - proclaimed by all as proof that the recovery was real and that 2008 was dim and dismal thing of the past that could never happen again...

Small Caps (-11.65%) and Trannies (-10.25%) are the worst performers since the S&P peaked on May 21st 2015 closing at an all-time high of 2130.82

Energy stocks are the biggest laggard while utilities lead over the past year...