via Bloomberg - U.S. 3-month Treasury Bill Rates

Bloomberg is showing -0.005% as the three month treasury bill rate this morning. The close last night was -0.01% Other sources are showing different numbers.

If anything, this will save the gold sector investor's bacon on market routs, since gold does not have an interest rate:

http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/

It would also be behind a no-tapering decision.

Stockcharts.com is showing 0.003%, looking as if a monthly close on treasury bill rates are the lowest in decades. Stockcharts.com says that the rate showing on the chart is 10X the actual rate:

http://scharts.co/177QcIi

via BNN.ca - Gold Bucks September Trend

Paul Sachs concern is mostly the value of the U.S. dollar. He believes in the gold bull, but has some reservations, much like everybody else.

BNN - Commodities

Reuters - The Commodities Supercycle Is Likely Over

Nouriel Roubinin discusses economics with Reuters and declares that the commodities supercycle is likely over.

Reuters

ALS.TO Monthly

The so-called commodities super-cycle is probably due to an adjustment in currencies relative to the falling dollar. If any chart represents the commodities gambit, it has to be Altius Minerals stock chart. Very likely the commodities supercycle has seen its heyday, and prices have now stabilized in the aftermath:

http://scharts.co/177UzTN

TD.TO Monthly

One chart that deserves some attention are Canadian financials. The would have rallied on the strength of the Canadian dollar, or its ability to preserve its purchasing power. But they were also the inheritors of a wildly expanding derivatives market.

http://scharts.co/10DJLw5

GBN.V Monthly

GBN.V monthly against the U.S. dollar, and also the $CAD, shows that GBN.V share prices are wildly out of kilter with the rest of the market. While bank stocks are overvalued, gold mining shares continue to struggle against the onslaught of negative sentiment. The commoditiy, however continues resiliently.

http://scharts.co/16FgayG

-F6