The last time this happened we saw a major bottom in gold, plus something is wrong in banking sector, funny thing and Fed balance sheet concerns.
Something Is Wrong In Banking Sector
November 16 (King World News) – Holger Zschaepitz: “Something seems to be wrong in the banking sector. This is evident not only in the US Repo market but also in the US Libor-OIS spread, which continues to rise. (See below).
DANGER: US Repo Market & US Libor-OIS Spread Creating Fear In Banking Sector
Fed Balance Sheet Concerns
The Daily Shot: “The Fed’s balance sheet normalization (quantitative tightening) lasted about 21 months. Some 40% of this reduction has been reversed in just over two months. (See below).
40% Of Fed’s Balance Sheet Reduction Wiped Out In Just 2 Months!
Funny Thing
Sven Henrich: “Funny how the majority of Wall Street had SPX 2,900-3,000 targets for 2019 based on much higher earnings estimates, but now we’re trading above 3,100 on 3 quarters of negative earnings growth with this quarter flat to negative as well.”
Money Supply Spiking
Adam Tooze, Director of the European Institute: “Remember M2! Well it is currently expanding at 7% pa in the US suggesting some pretty robust credit activity. (See below).
CAUTION: M2 Money Supply Skyrocketing!
Major Gold Bottom
ISABELNET: “This is the biggest outflows from gold since December 2016, as a more positive global outlook drives optimism (see below).
Last Time This Happened (Dec. 2016) We Saw A Major Bottom In Gold!
Celente – Global Collapse To Accelerate
READ THIS NEXT! Gerald Celente: BUCKLE UP – You Haven’t Seen Anything Yet, Global Collapse To Accelerate CLICK HERE TO READ.
***KWN has now released Gerald Celente’s powerful audio interview discussing what investors should do to prepare themselves for the coming depression, including what to expect from gold, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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