The prices of gold, silver and crude oil are surging once again as this critical indicator approaches an all-time record.
Foreign Investors Should Be Concerned
From top Citi analyst Tom Fitzpatrick: Below is a plot of foreign US Treasury holdings held in custody by the Federal Reserve (updated weekly)…
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.
The notional amount held in custody is now nearing the 2013-2015 highs and the figure has been accelerating dramatically for the past three months.
Foreign Holdings Of US Treasuries Near All-Time Record
Our bias is that the USD and US yields are likely to rise from here and given that we are near the bottom of the recent ranges on both, foreign investors should be concerned.
How tight are European monetary conditions?
European monetary conditions are now at the tightest they have been since late 2015 (before expanded European QE was announced in January 2016) primarily driven by euro strength this year (see chart below).
Not surprisingly, ECB policymakers are beginning to worry about the currency.
Watch Tomorrow’s Market-Moving Release
King World News note: It will be very interesting to see how gold and silver trade after this week’s Non-Farm Payrolls Report is released. If there is a significant miss, this could be a catalyst for more upside action in the metals.
Also, King World News just interviewed billionaire Eric Sprott who discussed skyrocketing silver and much more and you can listen to the remarkable KWN audio interview with billionaire Eric Sprott by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has now released the remarkable audio interview with whistleblower and London metals trader Andrew Maguire discussing the US propaganda surrounding Fort Knox, an update on the upcoming 250 tonne physical order for gold and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Don’t Be Fooled By Pullbacks, Legend Predicts Price Of Gold To Surge 69% Within 18 Months! CLICK HERE.
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