The market is not convinced about the financial health of the banking system.

This is an "ugly" chart (click on the chart to enlarge it).

Gold broke on the upside (see previous post). The bank index, however, keeps sagging.

Are the two trends related?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

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