Debasement and Deleveraging Scares
The key to understanding the Big Picture is to realize that the stock market – not trade or tax revenues or America’s economy – is the collateral backing the debt, including the Treasury Bond market.
Chiswick, West London
Wednesday, April 23
By Tom Dyson, Investment Director
First, an important note about gold, silver, oil and the Dow/Gold ratio…
Over the last two days, gold has dipped about 6% and t…