explode-volcanoe-fire-hotThis does not look good:  a Chinese multibillionaire defaults on retail bonds that his company issued.  His reason:  “severe cash crunch”.  His company is the huge CoSun group.
Where there is smoke, there is fire…

Source: Nanex

Source: Nanex

MASSIVE RAID ON GOLD AND SILVER AS THE CROOKS SUPPLIED 10 BILLION DOLLARS WORTH OF COMEX GOLD SHORT PAPER – SILVER WHACKED TO BELOW $16.00!
CHINESE BOND MARKET COLLAPSES AND THEY HALT TRADING!!

cartel raidAnother raid by our banker friends in gold and silver as they try desperately to keep a lid on the turmoil in the world.  Last night, Italy voted “No” to reforms and as promised Renzi quit as PM.
Italy has a HUGE problem with its banks…