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Rleonars

3,184 Posts.

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17/10/19

06:43

Post #: 40921406
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Originally posted by Crom Valen: ↑

More from the IMF below.

Once again, is this ‘Goldbug Armageddon nonsense’, or a legitimate and commonsense summation from the ‘central bank of the world’?

The IMF said share prices in the US and Japan appeared to be overvalued, while the credit spreads in bond markets – the compensation demanded by investors against risk – seemed to be too low, given the state of the global economy.
Tobias Adrian and Fabio Natalucci, two senior IMF officials responsible for the Global Financial Stability Report, said: “A sharp, sudden tightening in financial conditions could unmask these vulnerabilities and put pressures on asset price valuations”.

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Retail sales in the US going nowhere...
CPI in the Eurozone going nowhere...
The attack on paper gold & silver halted for now...

I wouldn’t be surprised if the QE that’s not QE was being used to short precious metals & indexes like GDX & GDXJ, the sell off in them has been swift & deep.

Looking forward to a bounce today.
6 Upvote

3 Great analysis

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