Debt Ceiling March 2015

Nobody seems to be talking about the debt ceiling, which was reached on 15 March 2015.

Debt has been rising since the crisis.

And we just reached another ceiling.

Each debt ceiling debate will give a spike in volatility in stock markets and a possible correction. We had 2 debt ceiling debates (2011 and 2013) where the stock market corrected and now will be the third correction, depending on how long this debate will take.

Gold Repatriation Update

Gold repatriation from the FRBNY is still ongoing, but at a slower pace.

China power consumption update

China is slowing down.

Managed Money Shorts Gold/Silver Update

Very interesting times now. Managed money shorts in gold hit an all time high (since I monitored it).

We hit 87349 short positions in gold and this even on a rising gold price. This clearly indicates gold will go higher on short squeezes in the next weeks.

 

If you want to compare, here is a historic chart. Indeed, it is an all time high.

Somehow, silver is weaker. Short positions even declined. So there is weakness in silver.