Gold Gains, Silver, Metal Prices Commentary – June 17, 2010

Bullion update ... The Creeping Art of Ultracrepidarianism

Good Morning,

You can count Spanish bond auctioneers among the few happy campers over in Europe this morning. The country’s 10 and 30-year sales of the debt instruments met with a warm reception albeit yields on the latter were up substantially from levels seen last month.

Moreover, the country is expecting to avail itself of less than a third of the "FROB" bank rescue fund that totals 99 billion euros, in an indication that its banking sector is far more solid than the market vigilantes would have one believe. The publication of US-style stress test results on Spanish lenders is imminent.

Read the rest of Gold Gains, Silver, Metal Prices Commentary - June 17, 2010 (822 words)

© Jon Nadler, Kitco Metals Inc. for Coin News, 2010. |
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