Get ready for $2,200 gold as the global economy struggles. The case for $2,200 has never been more substantial. Money Morning - Only The News You Can Profit From.
"European Black Swan: Potentially a $22 Trillion Problem
"For the politicians, Europe is a potential fiscal nuclear device that needs to be disarmed.
"According to a recent article by Al Field posted at www.24hgold.com, if just 10% of euro interest rate derivatives produce losses, it could cost the world banking system $22 trillion. That is enough to effectively bankrupt it.
"This is one black swan that could well make a crash landing... and soon. You can bet none of this has been lost on the U.S. Federal Reserve either.
"That's why there is increasing talk that the Fed will ride to the rescue with its third quantitative easing program, or QE 3 - something I've been saying to expect for quite a while."