Signs ‘flashing red’ on debt, Fed’s return
By GCRU Gold News on Thursday, April 23 2015, 22:52 - Permalink
In a recent note UBS’ commodities team took this, among other factors, as a “flashing red” signal that credit conditions in the US have gone sour and that the US Federal Reserve will be forced back to loosening its belt again. As UBS has argued for some time, it sees this as making for a bull run in gold, and gold equities in particular.