Macro

Bond Expert: Friday Wrap

It is quite obvious no? The Fed has finally thrown all their moral 'cojones' overboard and is now busy printing, printing and printing dollars to bail the banks out. Essentially the same story which was repeated the whole week. The difference THIS time however was that FINALLY the Treasury bondholders realised that they will be the guys being shafted by the U.S government. Hold on to your hats. The next few months will not be pleasant for Treasury bondholders or USD denominated assets in general. Note how the gold and silver markets behaved during the afternoon yesterday. After an initial steep sell off in the atmosphere of 'all clear, the cavalry has arrived", they recovered sharply in the afternoon. I expect gold and silver to literally skyrocket over the next few weeks.