Mother Yellen will soon be starting a speech to a banking group and it’s expected that she will announce a full backstop of all US bank deposits. This equates to something like a $18TRILLION guarantee. On the news, gold is down sharply, as you’d expect.
So, anyway, here we are on Tuesday and the madness continues. As I type, Mother is about to begin her speech. Some excerpts of what she’s expected to discuss have already been released. The shot below gives you a basic understanding:…
