http://www.zerohedge.com/news/australian-banks-given-one-week-pre...

http://www.zerohedge.com/news/australian-banks-given-one-week-prepare-european-meltdown

Does anyone know if this is true?
ANZ seem to be denying....

In any event well done the shorts in NCM over the last few months - the smart ones though will know that the party is over and that its time to wave goodbye and head home. Staying short now and trying to squeeze out another few % is a big risk now imho. Kind of like staying on at the party once the free heineken and tiger prawns are finished and the Russian hookers have left the building - no point staying on...

Longer term NCM remarkably undervalued ( given the gold price recovers of which i believe that there is no doubt ) - Plenty of smaller miners massively beaten down in recent weeks that might be worth a close look at - the NCM balance sheet is very strong.....