The Oil Crisis that caught many off guard and there's still many bad loans, bad debt, a very very bad oil derivatives that went under /// all these red ink going to show up later this year.. that's why nobody wants to touch the US stock market or any financial stocks.
The recent Swiss Currency Shock took down many, it's guaranteed many hedge funds and banks took a big hit too. So far Wall St. is keeping a lid on it so they can unload all their bubble stocks to the sheeps and quickly exit the backdoor. The place to be is in precious metal and cash.
People got used to trading oil going up thinking it can never go down.
People got used to trading currency with no more than 1 point swing
People got used to shorting gold and thinking it can never go up.
( now they're getting the shock of their life.. all the bets going totally wrong)
there's couple of things that's going to drive precious metals much higher from here the greece election that's going to take place on Jan 25.. if greece leaves the euro, this is the beginning of the end of the euro.. the euro will slowly collapse probably within 2 or 3 yrs. There's always going to be the fear of more and more euro members wanting to exit the euro. When you're in the euro club, you're under 1 command and that's the ECB ( European Central Bank ) which means no flexibility to do your own monetary policy. The fear of euro collapsing for real will send all the precious metals to the stratesphere, you see Gold & Silver set new high every year this decade. Gold $1800 ?? Gold $2500 ?? Gold $5000
the big oil derivatives that many institutions currently holding which is all underwater, ultimately within a few months the cockroach of catastrophe or meltdown will starts to show on the street. Hedge Funds going belly up, US Banks revealing their massive losses, Junk Bonds tied into Oil, and many more will ignite the cockroach effect of this coming financial meltdown ( i'm pretty sure yellin is already tackling this coming oil tsunami derivative effect. ) Gold $1800 ?? Gold $2500 ??
There's more than enough money out there to drive Gold to $2500 or even $5000.. just keep that in mind