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Gold and silver took a rest this week, but then again so did the entire commodity complex. The money supply statistics are in for April and they show the second greatest 2-week plunge in M2 ever recorded. This is happening as the repo market bursts through $2 trillion being traded every night, much of it to fund an overcrowded basis trade in 2Y Treasuries.These are two titanic forces that will collide at some point soon, and when they do, we all know what happens. More dollars come flying out of the Eccles Building at light speed, is what happens.Video Length: 00:15:04More By This Author:
Money Supply Plunges As Repos Surge To $2 Trillion A Night
