With the fall in the prices of UK banks because of their need for huge rights issues it looks as if the banking crisis is back after being discounted by the Bank of England only last week! Is this the catalyst for precious metals and their associated equities? Perhaps. One fund manager thinks that some UK banks are "in denial" and that they will have to raise another £10 billion in a rights issue in less than a year's time.
What could be the biggest banking crisis of all time could still well play out!