Gold, Oil & Indices (Equity & Bond Indices)

Which two "large and complex banking groups" were on the brink of collapse? We may find out in late July when the stress test results are published, a move described by Deutsche Bank chief Josef Ackermann as "very, very dangerous".

And are we any safer now that the EU has failed to restore full confidence with its 750bn (505bn) "shock and awe" shield, that is to say after throwing everything it can credibly muster under the political constraints of monetary union? This is the deep angst that lies behind last week's surge in gold to an all-time high of $1,258 an ounce.

The World Gold Council said on Friday that the central banks of Russia, the Philippines, Kazakhstan and Venezuela have been buying gold, and Saudi Arabias monetary authority has "restated" its reserves upwards from 143m to 323m tonnes. If there is any theme to the bullion rush, it is fear that the global currency system is unravelling. Or, put another way, gold itself is reclaiming its historic role as the ultimate safe haven and benchmark currency.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7841961/Gold-reclaims-its-currency-status-as-the-global-system-unravels.html

I hope this club of millionaires gets a lesson from Ghana

don't worry I get the meaning...today crude dips a bit yet not as much as gold....its not a crash yet but after a recovery gold will fall more. I think ultimately gold is capped at 1250 and has down potential 1150 by midst july.

Target 1 - 77.63

Anyone playing CL today??