This major indicator has now reached one of the most extreme levels in 60 years.
Cash Is Still Trash
October 4 (King World News) – Here is a portion of today’s note from Jason Goepfert at SentimenTrader: Mutual fund managers have refused to raise cash balances, despite rising yields on those balances. The latest monthly data shows that they’re holding only 3% of assets in cash, among the lowest in history. Adjusting for rising interest rates, their “cash deficit” is now the widest since 2007, and among the most extreme in 60 years…
Gold is making its way back into the global monetary
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The yield on “cash” has skyrocketed (see chart above), yet fund managers are holding a near-record low amount of cash, leading to a large discount to how much they should be holding (see chart below).
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ALSO JUST RELEASED: Gold Surges As Stocks, Bonds & The US Dollar Weaken But Look At This… CLICK HERE TO READ.
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