I've been following this for months when ZH alluded to DB derivative exposure. It now looks like a point of inevitability. There is no doubt of contagion and irrespective of DB, there had been talk about weakness in Italian banks, this is likely to expose the true state of play.
My question is; What's the best way to take advantage of this? In Theory the Euro should fall against all major currencies and gold should increase, right?
I'm particularly bullish on GBP vs EUR as it's already traded down due to 'concerns' about Brexit.
From my understanding, the best thing would be to open a FX account but I'm not too sure how that all works in terms of margin etc. I have a stockbroker as well, could I just ask them to short the Euro?
Or is just buying Gold a good bet?
Appreciate any feedback.
My question is; What's the best way to take advantage of this? In Theory the Euro should fall against all major currencies and gold should increase, right?
I'm particularly bullish on GBP vs EUR as it's already traded down due to 'concerns' about Brexit.
From my understanding, the best thing would be to open a FX account but I'm not too sure how that all works in terms of margin etc. I have a stockbroker as well, could I just ask them to short the Euro?
Or is just buying Gold a good bet?
Appreciate any feedback.