thanks Marcs.... what I love about HC is that all the market events mentioned in the Australian article have been posted here already....
"The latest news is that the Swiss parliament is being asked to consider a gold franc, which would operate in parallel with the paper one. The move by the Swiss People's Party will reignite the issue of the gold standard. Switzerland decoupled its currency from the yellow metal only 11 years ago.
Austrian bank Erste Group is extremely bullish on gold. No doubt they are closely watching what is happening over their southern border.
A few weeks ago, we alerted you to market plunges by Italian banks. It happened again on Friday. UniCredit, the largest, dropped 7.8 per cent, while Banco Popolare fell 6.46 per cent. Italian banking shares have lost an average 27 per cent since January....."