Links to slides and sources: https://www.itmtrading.com/blog/is-de...
It's a long way down from being the second largest bank by assets, in 2007, to the walking zombie bank that Deutsche is today. And while central bank QE free money and several funding rounds have enabled this zombie to keep walking, a large client hedge fund run has begun, as RenTech, one of Deutsche's largest hedge fund clients, began pulling funds. As this run has heated up, Bloomberg reports that "clients are pulling about $1 billion per day" out of the bank. Do you think their small retail customers know this?
On July 26, 2019, the ECB (European Central Bank) announced that the CBGA (Central Bank Gold Agreement), that had first been instituted in 1999, to coordinate central bank gold sales, was no longer needed. Could central bankers be setting up gold to move toward to its fundamental value?
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.