Wednesday, May 19, 2010
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Euro vs Gold - August 2009 to May 2010 (chart)
Germany blinks first. Desperate kneejerk Merkel panics over Euro collapse. German Financial Regulator BaFin bans naked short selling of vulnerable dollymixtures. International markets sell Euro. German Bunds expected to collapse. EuroZone is the new Lehman Brothers. And this is only Wednesday.
Markit iTraxx Australia index surges. What will happen to the SovX index now? More here (18.05.10) and here (18.05.10). Update here (19.05.10).
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