from Financial Survival Network
came on with this shocker – Dow 32,000 by 2015! The reasons are quite
simple. The rest of the world is crumbling, even China. As a result, the
money is flowing to the US. Where’s it going? Treasuries and the Stock
Market. Sound counter-intuitive? Maybe so, but Martin makes a very
persuasive case. Gold will be a beneficiary too, but in 2015. Listen
carefully to this interview. And watch out for your government, they’ve
got the knives out for you and your wealth. Private pensions won’t be
private for long.
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zerohedge.com / by Tyler Durden / 08/07/2013 13:28 -0400Please share this article
it was the Treasury’s intent to make auctioning of Treasury paper
increasingly more fraught with risk, it has succeeded. Moments ago, in
the second auction of the week and month, another $24 billion were added to
the gross US debt, when the Treasury sold 10 year paper at a yield of
2.620%, pricing through the When Issued yield of 2.623% So far so good.
However, as was shown last week,
the trouble is in the internals. Recall that as Zero hedge first
demonstrated in January and as the TBAC reconfirmed in their refunding
presentation, the Bid to Covers have been declining across the curve.