Mr. Slammy strikes again apparently, and maybe he has indeed.
On the other hand, gold hit new record highs specifically while the money supply in the banking system continues to deflate at a record pace as well.
Just imagine what gold and silver will do when the Fed starts inflating again. And when is that? Nobody can say exactly, but signs deep in the plumbing of the financial system are signaling serious problems just ahead.
This time, in the secured overnight financing (AKA repo) market, where overnight volumes are inching near $2 trillion. That’s a lot of banks desperate for liquidity.
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