We are ready to rumble
Gold Closing the week above $1400 (and even better $1450) would put us in what I see as a new phase (or zone on my chart below). Zone 6 will bring another phase of anticipation. A break above that would give us a clear run to the old highs and beyond. https://twitter.com/Northst18363337
Market achieved one more feat.. except that we don’t know what it means anymoreThe German yield, the mother of all Eurozone yield curves, is now completely negative! yes till 30 years…..No Germans are not spending more…..yes Germans are still saving at negative rates and finally Germans cannot afford houses anymore because Germany is having a housing bubble. what did you expect? rates will turn negative and smart guys will not buy Tangible assets
If you are a contrarian and believe that German yield curve will steepen, the smart guys at Lyxor have a designed especially for you. Don’t worry, to amplify your experience they will lever this ETF to give you 7 times the gains of underlying asset.
US markets are just correcting and the final top is not in and you know why?…despite the extreme amount of corporate leverage and the low quality of corporate credit, junk spreads remain near all-time lows.”
