Something That Makes You Say Hmmm

From Kitco:

• Gold futures                                                    + 25%


• Silver futures                                                   + 39%


• S&P 500 Index                                               + 6.72%


• 10-Year Treasury Yield                                  + 1.60%


• 10-Year German Bond                                   - 0.5%


• US dollar index                                               -3.39%


• China's Shanghai Composite Index                -13.4%


• Japan Nikkei Stock Average                           - 11.1%


• Europe Stoxx 50                                             - 7.7%


• Sao Paulo Bovespa (Brazil)                            + 34.3%


• Dax – Germany                                              - 1.9%


• CAC 40 – France                                             - 4.3%

Performance data through Sept. 2.

My view:

It is telling that two zero return assets classes, gold and silver, are outperforming nearly every other asset class.

Can we believe the all is well story the central bankers and preeminent economists tell us given these facts?