Diverging. Gold near $1700 and Oil below $90. This is a sign of price skew, volatility in inflation. During equilibrium the two track, during crashes they diverge.
The problem here is that centrally planned money is losing utility as an exchange. The various government around the world are busy making fiat money useless. The Italian exchange is closed, and may not reopen for a while. A NT Bank is charging a penalty for storing money! The only large economy that has any transparent budget is the USA!
Update:
Just as I wrote this Gold starts dropping, margin call says ZH, which to my novice eyes means folks are selling gold because they need cash on cover equity bets.
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