Best Financial Markets Analysis Article A massive global rally in treasuries is underway and gold may be headed for its biggest one day advance in history as global systemic distrust sets in.

Please see Global Financial Seizures Continue, Gold Soars for more details.

US Treasuries

The above chart courtesy of Bloomberg .

Interest rates can only go as low as zero. This may be as close as we get.

Gold Daily Chart

The above chart is as of 1:00 PM Central, and is courtesy of BarChart .

The Fed is desperately attempting to free up the system with mammoth injections of short term repos. The problem for the Fed is no one trusts anything but treasuries and gold.

Inquiring minds may wish to consider Treasury Bull Alive And Kicking for a discussion of what asset classes are likely to do well in a deflationary crash.

By Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Visit Sitka Pacific's Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

I do weekly podcasts every Thursday on HoweStreet and a brief 7 minute segment on Saturday on CKNW AM 980 in Vancouver.

When not writing about stocks or the economy I spends a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com .

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