by Jan Skoyles, TheRealAsset.co.uk
This week, after several weeks of what felt like economic limbo, we have had a fairly eventful one. Thanks to all the events, but mainly Cyprus, gold is now headed for its biggest weekly rise in nearly 4-months as the bulls return to the market.
Whilst many things that have happened this week may appear widely different it all comes down to one thing – central banks and governments will make sure they’re the last to go bust, at the expense of everyone else.
Cyprus caught between rioters and the Troika: Things appear to not be moving at all in Cyprus and at the same time are moving fairly quickly. The country now has four days to agree a bailout before the ECB cuts off liquidity support, which will see both the banks and the government, go bust.
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