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Are European banks in trouble? If so, could weakness in the European financial sector spill over into stock markets around the world?
European Financial ETF EUFN has formed a bearish rising wedge over the past few months and a few days ago broke below support in the chart above.
Could this put downward pressure on risk assets and push up metals? Yesterday I shared this “could put a big smile on Gold bugs faces!” So far today, this spread is skyrocketing!