Free 2 Week Research Trial- Grains, Energy, Metals and more! 3-Month Treasury Yields Effectively Hit 0, Gold Soars
A massive global rally in treasuries is underway, and gold may be headed for its biggest one-day advance in history as global systemic distrust sets in.
Please see Global Financial Seizures Continue, Gold Soars for more details.
US Treasuries
Chart: Bloomberg
Interest rates can only go as low as zero. This may be as close as we get.
Gold Daily Chart
The above chart is as of 1:00 p.m. Central, and is courtesy of BarChart.
The Fed is desperately attempting to free up the system with mammoth injections of short-term repos. Only one problem: No one trusts anything but treasuries and gold.
Inquiring minds may wish to consider Treasury Bull Alive and Kicking for a discussion of which asset classes are likely to do well in a deflationary crash.
Gold stocks are soaring, including Goldcorp (GG), Newmont Mining (NEM) and
No comments:
Post a Comment