SLV - HSBC Under Siege What It Means For Gold Prices

The clock is ticking on HSBC (HSBC). Plumbing new all-time lows almost every week since June now, half of the bank's 2019 revenues come from Asia, the vast majority of that haul from Hong Kong. Aside from all the obvious political and pandemic-related problems pinning Hong Kong down now, it also looks like a classic business cycle bust is brewing as well. I say this because, unlike almost any other major industrial/financial economy in the world, Hong Kong’s money supply has not moved much at all since the COVID-19 outbreak.

The Hong Kong