With bond markets in full panic and the price of gold surging above $1,500, Albert Edwards just warned about what the next phase of the global “Ice Age” will look like.
The Global “Ice Age”
August 7 (King World News) – Albert Edwards, Former Global Strategist at Societe Generale: “Many investors simply cannot countenance the possibility the Fed will take Fund Funds negative. The charts suggest otherwise. I’m with the charts. The intensification of this currency war will force the Fed to act to to keep pace with the ECB, even against their better judgement. Negative yields and a currency was always what the next phase of The Ice Age will look like. The final phase will see US yields converge with the Eurozone below zero accompanied by a huge decline in the equity market as global economy plunges into a deep, deflationary recession.”
The Truth Is Finally Coming Out
Fred Hickey: “The truth is finally coming out – “The cleanest shirt” is not the US dollar, nor the yen or Swiss franc – and it’s not even dirty – it’s shiny (Gold)!…
US 10-Year Yield Collapsing
Holger Zschaepitz: “US 10y yield briefly drops below 1.6%, 30y yield nears record low as collapse in rates accelerates. (See below).
US 10-Year Yield Collapses To 1.6%!
Meanwhile, In Switzerland…
Jeroen Blokland: “Switzerland’s 50-year bond yield is now at -0.25%! (See below).
Switzerland’s 50-Year Bond Yield Collapses To -0.25%!
$1,500+ Gold
Jeroen Blokland: “Gold $1,500! First time since April 2013. (See below).
For First Time Since 2013 Gold Surges Above $1,500!
“Everyone Will Be Buying Gold & Silver”
Peter Schiff: “The Reserve Bank of New Zealand’s 50 basis point rate cut, to a record low 1%, simply to prevent the N.Z. dollar from strengthening, and the costs of living from rising too slowly, was insane. Central bankers have lost their minds. Soon everyone will be buying gold and silver!”
Silver Breakout
Graddhy out of Sweden: “We got the backtest in the form of a bull flag to my large double bottom and today we have the longed for breakout out of the bull flag. Beautiful stuff. Could not ask for more really. Developing perfectly. Just loving it. (See below).
Silver Breaks Out Of Bull Flag…Now Above $17
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