James Lewis

U.S. Banks Face Chinese Resistance over Derivative Losses

well least we all know why gold is breaking out.

i think the banks should let the chinese out of the contracts then shut them out of the derivative markets. then take oil, gold, and the other commodities up 50% by releasing the huge amount of liquidity they have on their books from QE.

It really is about time that the mainland Chinese start honouring contracts.

I am sure the Hong Kong, Taiwan and oversea Chinese Investment Bankers would agree with me on this.