Europe's Banking System Still in Trouble

Leaving aside the spike in the gold price on the night of Brexit, right now gold is trading higher than at any point this year. The Chinese yuan is trading at its lowest point. Deutsche Bank is at a new low, and already lower than 2008 lows. Brexit is a giant smokescreen and behind the scenes, these assets are saying things are worse than they were a week ago.

ZH: Italy Granted "Extraordinary " €150BN Bank Bailout Program To Prevent "Panic, Run On Deposits"