The banks do look quite robust at the moment but... perhaps, previously considered reasonable, exposure to foreign currency borrowings (given our own version of fiat destruction will be tweeking the leverage in that department) and very large levels of private sector debt might be the reasons someone has thought this extra precaution necessary. Appears quite silly pre-election but hindsight may give a lot of "told ya so" points.
Looks very positive for gold IMO especially if $au are the alternative
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u.s. markets up on good economic news, page-4
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