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written by reader IMPORTANT! What is Rickards talking about? Now he’s claiming that at exactly 4PM today you can turn $1,000.00 into $9,300.00

By backoffice, October 15, 2018

and is claiming the IMF is now evaluating the money supply? Thanks Travis!

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gdoggcrunch
Irregular
October 15, 2018 10:39 pm

https://www.silverdoctors.com/headlines/world-news/jim-rickards-the-bull-market-in-bonds-is-not-over-this-bull-still-has-legs/
Caught the Rickards link above that plays into my theory that the Fed is in an October 2018 bind. They have to buy $3.8 Trillion (per Econoday) of “something” this month to offset redemptions and only taper to their 50 Billion target. So Rickards could be referring to a leveraged instrument related to the 10 yr Treasury, which he lists above as overly shorted, thinking that the Fed will likely come in and buy in size. My thought is maybe he thinks the bulk of the bonds mature today?? I’m sure there is a way to confirm but the Fed site isn’t the easiest and Econoday just gives maturies for October in their Fed balance sheet report.

This is all wild speculation as I’ve not seen the tease, but happened to be trading off this theory this month. Even if the bulk of the maturities happened today, I expect our Fed to try to avoid market chaos, so I’m not expecting a huge 1-day 10 yr rally. But I think over the next 30 days the 10yr could rally. But maybe the Fed will buy pot stocks instead!

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