DEUTSCHE BANK ON THE VERGE OF FAILURE? STOCK PRICE COLLAPSES

Jon Alternative Media, Blogosphere, Economy, Gold, Precious Metals

On September 28, 2015, we wrote, ‘Will Deutsche Bank Be This Cycle’s Lehman Bros?’
At the time, Deutsche Bank was trading at $26.
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Five months later and Deutsche Bank has since announced a $6.6 billion loss for 2015 and has fallen to $15. It is now down 36% on the year.
Looking at the longer term chart, Deutsche Bank fell from $120 to below $20 during the last financial crisis in 2008. It never recovered, hitting a peak of just above $70 in 2009 and has been on a downward slope ever since… a slope that has escalated into a stunning collapse in the last few weeks.
A Deutsche Bank collapse would set off a worldwide banking contagion that would make Lehman Bros. look tame.
And gold is reacting as you would expect it might during times of crisis. It has now risen for seven-days-straight, averaging a gain of about $10/day and currently sits just below $1,200.

This post was published at Dollar Vigilante on FEBRUARY 9, 2016.