As the chaotic trading in global markets continues, one of the greats just warned “the amounts of QE will be truly staggering,” plus wild trading in gold, bonds and more.
Within hours KWN will be releasing an audio interview. Until then…
S&P Will Collapse To 2009 Low
March 6 (King World News) – Albert Edwards, Former Global Strategist at Societe Generale: “Rest assured, by the time ‘this’ is all over we will likely revisit 666 again with US 10y yields around -1% or below. The likely deep recession will be blamed on the Coronavirus, but it is ‘just’ the trigger to burst years of ruinous bubble blowing by the Fed et al.”
Bigger Than 2008 Collapse
Peter Schiff: “The biggest difference between the 2008 financial crisis and the one we are about to experience is that this one will be much worse and even fewer people see it coming. Another difference between the 2008 financial crisis and the one we are about to experience is that this time bailouts won’t work and monetary and fiscal stimulus will actually make it worse.”
“Pedal To The Metal”
Sven Henrich: “Imagine central bank reckless pedal to the metal interventions trapped everyone long into historic valuations and now an unforeseen trigger pushes the global economy into a recession with central banks already all in.”
“The Amounts Of QE Will Be Truly Staggering”
Alasdair Macleod: “I expect to see repo activity increase in the coming weeks due to commercial and banking payment failures. Soon to be augmented or replaced by formal QE as the virus takes off in US over next fortnight. The amounts involved will have to be truly staggering. Print print print…”…
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The Case For Higher Gold
Alasdair Macleod: “It is getting very difficult not to make a case for far higher gold prices in the coming weeks. Coordinated central bank monetary reflation will be far more destructive of currencies because CBs think price inflation is at 2%. That is their get out of jail card. No alternatives.”
US Dollar Collapse
Dollar Trade weighted index on verge of breaking into a sharp bear market. Watch current levels closely…(see below).
US Dollar On Cusp Of Massive Bear Market
TIPS Collapse
Holger Zschaepitz: US TIPS yield already deeply in negative territory. Will nominal 10y US yields follow? (See below).
US 10-Year TIPS Collapse To (Negative) -.5589%
Bond Market Madness
Holger Zschaepitz: Bond market madness increases. US 30y yields sink to 1.33% (see below).
US 30-Year Yields Collapse To 1.33%
Wild Gold Trading
Jeroen Blokland: Gold hits fresh high! Closes in on USD 1700. (See below).
Before Pullback, Gold Was Closing In On $1,700!
Gold Miners About To Skyrocket?
Fred Hickey: “During 2016 gold miner boom, Gold Miners Bullish Percent Index spiked to 84% in May ’16 leading to correction taking index down to 52% (RSI to 20). In early Jan. 2020 BPGDM hit 87.5% & has since fallen back to 57% (RSI 21.6). Miners in 2016 then soared to summer peak (100% BPGDM). Repeat?
Heard lots of excuses why one shouldn’t own gold/miners that have kept so many (even long-term bulls) on sidelines. COTs unfavorable, they’ll get sold in market meltdown, mines could be shut down. But I never hear this reason to buy: investors (especially U.S.) are grossly underweight them.”
***To listen to one of the most important interviews of this year with David Stockman discussing the wild swings in stocks, bonds, and gold (Stockman is very bullish on gold), as well as what investors should be doing right now and more CLICK HERE OR ON THE IMAGE BELOW.
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Gold
ALSO RELEASED: GOLD: A Break Of This Level Will Cause Gold Bears To Throw In The Towel CLICK HERE TO READ.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
