We are seeing continued volatility as gold consolidates recent gains, but here is a look at something that just happened for the first time ever, monetary madness, and what has China worried.
July 5 (King World News) – Jeroen Blokland: “The ‘fingerprints’ of central bank dovishness. All asset classes up! (See chart below).
SOMETHING HAS TO GIVE: S&P vs US 10-Year Treasuries
More Monetary Madness
Jeroen Blokland continues: “MMT at work? Japan’s central bank, the BoJ, holds more than 43% of all outstanding Japanese government debt. (See chart below).
MONETARY MADNESS JAPANESE STYLE: BoJ Now Holds Over 43% Of All Japanese Government Debt
Jeroen Blokland continues: “The German 10-year bond has dropped to -0.40% for the first time ever. (See chart below).
First Time Ever German 10-Year Bonds Hit -0.40%!
The Most Important Chart For China
Albert Edwards, Economist and Global Strategist: “This is the most important chart for China currently. The NBS PMI showed jobs contracting at a quicker pace in June (46.9) – the weakest since the 2009 GFC slump. The service PMI jobs also looks weak. The authorities cannot stand by and let the jobs market deteriorate much more (see chart below).
AUTHORITIES MAY HAVE TO ACT SOON: The Most Important Chart For China Shows Employment Contracting – Weakest Since 2009
Graddhy out of Sweden: “I can´t stop looking at those two topping shooting star candles. Getting the feeling that we are in for a flag here. Also, wave 4 is not wide enough still. So it may reach my pink parabola line after all. This would just maybe backtest my 6-year neckline with a wick. (See chart below).
Flag Forming On Gold Price Weakness, Possibly Setting Up For Parabolic Move
Graddhy out of Sweden continues: “Let´s see if we get that gap fill down and tagging of fib 38% or not. Looks meant to be but we´ll see. Indicators look ready for it. A drop like that would take out many weak hands which is what the pm bull wants. Silver looks like it could take off any second through. (See chart below).
GDX (Mining Stocks): To Fill The Gap Or Not To Fill The Gap, That Is The Question
King World News note: Within hours KWN will be releasing an important audio interview discussing the wild trading we are seeing in global markets and what to expect next.
4th Of July
READ THIS NEXT! A Truly Remarkable Read On The 4th Of July CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
It’s Like Magic, Plus This Remarkable Chart Tells You All You Need To Know About The Gold Market CLICK HERE TO READ
WARNING: This Can’t Be Good…Even More Instability, Plus A Silver Slingshot CLICK HERE TO READ
What A Surprise…This Can’t Be Happening, Plus Silver Close To Being Unleashed CLICK HERE TO READ
Something Is Seriously Spooking Financial Markets And Short Squeeze In Gold Is Intensifying CLICK HERE TO READ
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