TED Spreads Breaking Above 30 Years of Resistance Signals Need for Immediate CB Intervention
In the chart below I plot TED spreads in the top panel (a topic initially visited yesterday), the SPX in the middle panel and gold in the bottom panel, all on a weekly basis. As can be seen in the…...
Global Deflation and Gold as a Function of Chinese Electricity Production
In the chart below I plot monthly Chinese electricity production (white) with gold (yellow) in the top panel. In the two panels below that I plot the 24 mo and 12 mo RoCs for Chinese electricity production, respectively. Note that…...