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Gold Skyrockets on Global Uncertainty


Yellow metal, treasuries only thing you can trust.

3-Month Treasury Yields Effectively Hit 0, Gold Soars

A massive global rally in treasuries is underway, and gold may be headed for its biggest one-day advance in history as global systemic distrust sets in.

Please see Global Financial Seizures Continue, Gold Soars for more details.

US Treasuries


Interest rates can only go as low as zero. This may be as close as we get.

Gold Daily Chart

The above chart is as of 1:00 p.m. Central, and is courtesy of BarChart.

The Fed is desperately attempting to free up the system with mammoth injections of short-term repos. Only one problem: No one trusts anything but treasuries and gold.

Inquiring minds may wish to consider Treasury Bull Alive and Kicking for a discussion of which asset classes are likely to do well in a deflationary crash.

Gold stocks are soaring, including Goldcorp (GG), Newmont Mining (NEM) and Barrick Gold (ABX).

Is oil the next bubble?
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No positions in stocks mentioned.
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