Loading ...GLD Fund: Divergence Signals Shortage
By: Jim Willie CB, GoldenJackass.com— Published: Wednesday, 27 March 2019
PERFECT FINANCIAL STORM
The perfect financial storm will be three to five times worse than the 2008 financial crisis that engulfed the subprime bond market.The corporate bond market is turning gradually into a $trillion BBB junk bond field and broken bone yard, after years of abused bond issuance devoted to share buybacks and executive options. It can be stated with accuracy that the entire global bond market is subprime, led by the USTBonds. In the last ten years, absolutely nothing has been fixed, no remedy even attempted, while all the errors, crimes, and reckless monetary policy that created the Lehman fiasco with the Global Financial Crisis, have been repeated on a global scale. Debt has exploded globally, and especially in the USGovt finances. The great unfolding crisis will engulf sovereign bonds, national banking systems, and major corporations. For the last ten years, the USD-based money supply has almost tripled. The process created a coiled spring. The Gold price is due to triple in compensation. Much lost time will be made up for. It just needs some internal, external, and systemic pushes. The Gold market will never let a crisis go to waste; it will respond.
A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing Gold from the corrupt clutches of the Anglo- American banker organization. The West has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK banksters have created the USTreasury bond as the global subprime bond. This is the result of astounding persistent magnificent QE abuse, debt explosion, and hidden corruption. The so-called financial stimulus is actually hyper monetary inflation, which has destroyed the bond market. There are no legitimate USTreasury buyers outside the US foreign vassal states.
GLD FUND FLASHING SIGNAL OF SHORTAGE
The GLD Exchange Traded Fund can serve as a very reliable early warning signal for a very tight gold supply, and corresponding Gold price upward moves. It signals shortage and tight supply now, with a divergence between London Gold price versus GLD Fund inventory in tonnage.