Whats Bugging Gold-Bugs?
Then, there is “Peak Oil” peeking around the corner. Light crude fell only briefly below the $50 dollar mark and then popped right back up above its new water mark. No future drowning victims here. Then, there is a twenty-year-plus downdraft in long bond yields and US rates in general. Considering where they are coming from, they can’t go much lower – and have of course begun their new upswing already. Then, there is the flattening yield curve that is threatening to invert – and inverted ones have this nasty tendency to presage coming recessions. Could that be why the Treasury is talking about “maybe” reissuing new 30 year bonds again after a four year hiatus? Are they trying to pump the long end of the curve up again so as to conceal what’s coming from investors’ eyes? Wouldn’t be the first time. And then, there are the reasons about which gold analysts have incessantly written for at least two years now without any echo whatsoever from the financial press – just a yawning silence. Bu
