Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

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#JNUG: Swiss regulators said Credit Suisse can access liquidity from the central bank if needed ??....

FOLLOWING THE SCRIPT....

Credit Suisse’s CEO was out defending the bank and its capital ratios today, but that doesn’t mean much in an investing environment where the smallest spark of bad news can immediately burst into a state-wide, California style wildfire. After the panic, it can almost become and afterthought that does more harm than good, or simply a headstone on the grave of the entity before it is even pronounced dead.

“I would ask everyone to stay calm and to support us just like we supported you during the challenging times,” Silicon Valley Bank’s CEO said just days before the bank was taken over by the FDIC.

“Signature Bank, a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments,” Signature Bank wrote in a PR just 3 days before it was also taken over by regulators.

And now, today: "We have strong capital ratios, a strong balance sheet," said Credit Suisse Chairman Axel Lehmann.

Earlier this week, I wrote this piece where I lay out what I continue to buy and how my 2023 thesis continues to play out. While I’m not sure what’s going to play out over the short-term today in markets related to the Credit Suisse situation (the Dow has dropped about 500 points in the last hour alone), it’s a perfect example of what I have been saying the last few days, both on my blog and on my podcast. There’s been one big change over the last week...(READ THIS FULL PIECE HERE).


https://www.zerohedge.com/news/2023-03-15/credit-suisse-and-equity-markets-teeter-brink

https://www.reddit.com/r/Wallstreetsilver/comments/11s8jlk/just_in_swiss_regulators_said_credit_suisse_can/

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