Here is another bullish gold catalyst, economic downturn getting worse, plus it’s not just sovereign bonds that have negative yields.
More Signs Of Optimism
July 18 (King World News) – Jason Goepfert at SentimenTrader: “The Investor’s Intelligence survey of newsletter writers now has a Bull Ratio in the top 5% of all readings in the past 30 years. Such high readings led to poor 1-year returns, with the S&P averaging only 2.3%. Excluding the super-momentum years of 2013 and 2017, that dropped to -1.3%, with risk of -10.9% versus reward of only +6.4% during the next year.”
Investors Giving Up On The Reflation Trade
Ronnie Stoferle, fund manager: “Speculative accounts have given up on the reflation trade. (See chart below).
Contrarian Indicator? Investors Want Out Of Reflation Bets
Economic Downturn Getting Worse
Adam Tooze, Director of the European Institute: “The downturn in US manufacturing has now caught up with that in world economy and is beginning to look like that of 2015-6. (See chart below).
Economic Downturn Getting Worse As US Catches Up With The Rest Of The World
It’s Not Just Sovereign Bonds That Have Negative Yields
Adam Tooze, Director of the European Institute, continues: “It isn’t just sovereign bonds that offer negative yields. There are $600 billion in negative-yielding corporate bonds (mainly in the eurozone). (See chart below).
Who Buys This Crap? There Are Now More Than $600 Billion Of Negative-Yielding Corporate Bonds
Another Bullish Gold Catalyst
Alasdair McLeod: “WORLD GOLD COUNCIL: 11% of emerging market and developing economy central banks intend to increase their gold reserves over the next 12 months. Find out more in our second annual Central Bank Gold Reserves Survey (see chart below).
MORE CENTRAL BANK GOLD BUYING: 11% Of Central Banks Plan To Increase Their Gold Reserves
Gold Bull To Continue
READ THIS NEXT! ALERT: This May Send The Price Of Gold Above $1,900 CLICK HERE TO READ
King World News note: There was a short delay in the release of the latest audio interview with the man who helps to oversee more than $200 billion and you can now listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
GOLD LIFTOFF: Portions Of Ray Dalio’s Fantastic Piece That Ignited The Gold Market CLICK HERE TO READ
Major Silver Breakout Unfolding…Similar Breakouts Saw Silver Soar A Staggering 66% To 975% CLICK HERE TO READ
CONTRARIAN ALERT: Only 1% Of People Think This Bullish Gold Catalyst Will Trigger CLICK HERE TO READ
Is The Price Of Silver About To Skyrocket? Plus “All Hell Is Going To Break Loose” CLICK HERE TO READ
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