Charles Nenner: If Deutsche Bank Breaks $6.40 World in Trouble

USAWatchdog.com  ( Original )
MAY 22, 2019

”On gold, Nenner says, “We are looking for a long term bull market for a couple of years to come, maybe until 2024. The price is going much higher.”

Join Greg Hunter as he goes One-on-One with financial and geopolitical cycle expert Charles Nenner.

The IMF called Deutsche Bank (DB) the “most systemically dangerous bank” in the world in 2016.  It recently hit all-time lows and now sits around $7.50 per share.  If DB does break $6.40, do we get a daisy chain of default around the world?  Renowned geopolitical and financial cycle expert Charles Nenner says, “It is a very dangerous situation.  I think DB is not the only one.  They just got caught.  I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also.  I don’t think it’s only Deutsche Bank.  It’s much more. . . . If it breaks $6.40, the downside price target is zero.  If everybody watches my analysis and it does go below $6.40, everybody is going to run for the exits.