11-30-2019, 05:25 PM
According to zero hedge one of China's biggest precious metals dealers looks like it can go into default by December 16. Teewoo is state owned and once was in the top 200 largest companies in the world...it already has been in partial default since summer. Bix Weir said it in all likelihood is sitting on silver deritives and can cause trouble in the silver market. Either the shareholders will default or face a 60 percent loss deciding on what they will do before dec 16.