Signs of Serious Financial Plumbing Stress Are Now Obvious

This week Rafi Farber goes into the signs of increasing stress in the financial plumbing and growing signs of an incoming liquidity event.

Gold open interest is at highs not seen since the March 2022 LME nickel fiasco, which suggests huge amounts of dollars are tied up in the futures markets, and a chat with a local gold and silver dealer in Ft. Lauderdale reveals that collectors are liquidating numismatics in a race for cash.

The financial sewers, being the overnight repo market, are showing signs of stress reminiscent of the months prior to the September 2019.

Also, signs of distress in China abound, as housing prices accelerate their decline and Chinese stocks break below a perfect triangle going back to 2008.

To find out more, watch the video now!

Arcadia Economics

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