Oil & copper plunging while gold rallies?
This only happened a few other times in history:
During the Great Recession & just prior to the EM meltdown.
Commodities are clearly acting like a selloff in stocks is approaching. pic.twitter.com/pdhs7XBxPh
— Otavio (Tavi) Costa (@TaviCosta) January 29, 2020
China’s bank assets grew from 9% to 50% of global GDP from 2005 to 2018: USD 3.6 to 41 trillion. Biggest Ponzi ever! Not kidding. The West bought it hook, line, and sinker, but it’s finally starting to unravel. The bust will be globally contagious. pic.twitter.com/AeNWPLMERj
— Kevin C. Smith, CFA (@crescatkevin) January 29, 2020