Gold Stocks Are Now Higher by 50% for 2016

Gold is up 1.3% today, sending the sector up by another 4%. Aside from markets trading lower, the dollar is getting crushed by a staggering 1.8% v the euro, reversing an early 1.5% rise. This deleterious reversal is reverberating around wall street, sending stocks into full retreat mode, now sharply lower by 50 NASDAQS.

Without question, the store of 2016 is one that could be found in the gold sector. Astonishing gains are being doled out in an industry that was derided and laughed at for the better part of the past 5 years.

HMY is up 260% for the year.

DRD is up 150% for the year.

Large cap miner, ABX, is higher by 90% for 2016, in a year where the raw commodity is up merely 19%.

Things to look at: only DB.

With all of the chatter of Europe losing control of the narrative and how the world has lost faith in the ECB, it would be supremely important for these rumors to be proven false by supporting the share price of Deutsche Bank. Make no mistake, nothing is more important than the European banks now. Within the banks, when it comes to risk and how it needs to be managed, no big bank is more frowned upon than Deutsche Bank.