from TF Metals Report:
Over the past two weeks, ZeroHedge has chronicled another dramatic rise in the TED Spread. What does this mean and what might this portend for gold? Hmmm…those are excellent questions.
The latest post from ZH on this issue was published this morning and I strongly encourage you to review it before you go any further: http://www.zerohedge.com/news/2016-08-11/libor-blows-out-fresh-6-year-highs-28-trillion-debt-question-emerges
And what is the TED Spread? Here’s a very simple and straightforward explanation from Wikipedia:
To simplify it even further…a higher TED Spread has, in the past, often been an indicator of short-term funding stress or credit risk. Again, from Wikipedia, this:
Here’s a long-term chart of the TED Spread which shows the highs listed in the information above:
Please follow SGT Report on Twitter & help share the message.