from King World News
With the dollar tumbling, gold and silver surging and the mining share indexes hitting new multi-year highs, the world may not see a total collapse of global currencies but here is what will get destroyed.
By Bill Fleckenstein President Of Fleckenstein Capital
August 2 (King World News) – The August doldrums potentially ended after just one day with overnight markets actually providing a little excitement. Turning first to world bond markets, Japanese government bonds were roughed up on a percentage basis, as yields rose from -14 basis points to only -8.5 (recall it was only about a week ago when the “high” was set at -30 bps).