Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver
By: Frank Holmes

Why Are Wages So Low
By: Keith Weiner

GoldSeek Radio: Dr. Raymond Moody and John Williams, and Chris Waltzek

Technical Scoop - Weekend Update September 24 2018
By: David Chapman

What Comes Next
By: Adam Taggart

China for the Trade Win?
By: John Mauldin

US/Global Stocks, Commodities, Precious Metals and the ‘Anti-USD’ Trade
By: Gary Tanashian

Central Bank Gold Purchases Now Control 10% Of The Total Market
By: Steve St. Angelo

Good, Bad and the Not-So-Ugly in Gold
By: Rick Ackerman

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Deutsche Bank Looks Primed for a Plunge to $9

By: Rick Ackerman, Rick's Picks

 -- Published: Thursday, 8 October 2015 | Print  | Disqus 

Hard times have once again befallen Deutsche Bank, which played a key role in blowing the global mortgage bubble that popped eight years ago.  On Wednesday, the bank announced a $7 billion loss for Q3 and a dividend cut, sending shares plummeting by 6% on the NYSE.  The long-term chart (see inset) suggests the stock is likely to fall a further 68%, to at least 9.10, before the carnage ends. If that price is hit, it would represent a 94% decline from the record-high 158 recorded in 2007.

From a technical standpoint, using our proprietary Hidden Pivot Method, the stock tripped a ‘mechanical’ short to 9.10 in March at 34.38, stop 42.81.  Traders who are familiar with our forecasting system will notice in the chart that the target for Deutsche Bank’s bear market is minus $16.18.  Although this is a practical impossibility, we know from experience that it could imply that a bankruptcy lies down the road. That proved to be the case for Lehman Brothers and Bear Stearns, whose charts similarly projected into negative territory prior to the Great Financial Crash of 2007-08.  Even if DB does not go to zero, we would rate the chances of a fall to at least 9.10 at around 70%.  Click here for a free two-week trial subscription to Rick’s Picks that will give you access not only to daily trading ‘touts’, bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.

| Digg This Article
 -- Published: Thursday, 8 October 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2018 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.