UK commercial property funds block investors from pulling out as panic spreads and foreign investment in UK commercial property falls 50% in the first quarter and probably more now Brexit has frightened off foreign money. Deutsche Bank shares in free fall as investors see the mountain of debt and no way out. Australian banks continue their slide. Italy bailed out again. Deutsche Bank analysts say there is now a 60% chance of a recession in the US in the next year.
UK splintering as Ireland and Scotland make plans to leave. Australian government hamstrung. Australias AAA credit rating under threat. China going closer to a financial collapse.
Pheuuuuuuuuwwwweeeee, what a world.
Just some things off the top of my head to give reason for an investment in gold producers.
I have been in and out of BDR many times but have stayed in this time.
Surely the SP is due a pullback. Where will the SP be if POG hits $1500 usd??
BDR Price at posting:
52.5¢ Sentiment: None Disclosure: Held
