Two articles on the Spain thing

I don't think the dump has to do with worries about Spain. I think people decided to worry about Spain, and then looked around for a way to demonstrate their opinion, and figured that maybe selling junior miners and silver was the sort of thing that would allow them to demonstrate their fearfulness in a socially accepted manner. Thus making them part of the in-crowd. Again, basic sociology.

But with that in mind, here's two articles, one about the whole Catalonia thing and the other about the demanding that Spain request a bailout thing.

And about the Spanish debt and bailout thing....

I just love the number that Draghi did on the bond market. You can't sell down Spain's debt, cos if you do they get a bailout and bonds bought down to a low yield level. It's a perfect standoff.