This would fit in with Armstrong's debt crisis phase transition call ; he says a collapse in confidence in govt or some event that shocks this bond market will see a rush out of govt bonds and into the private realm of stocks. I presume this would also lead to the moonshot for gold etc as well.
Yep and MA is thinking May before any such crack. With it really picking up steam in 2017 and governments go bezerk with capital controls, hot wars, and possible a pandemic as icing on the "we are fucked" cake.
He always had predicted there would be one more hooray in bonds first which is why he is seeing a capitulation low in gold first before the blast off.
And eventually capital heads to the USD and USA stocks because the dollar is the reserve currency and for example
China and Hong Kong had pegged their currencies to the dollar thus effectively borrowing dollars to the tune of $34 trillion. The entire developing world is short the dollar in dollar debt (either explicit debt and/or a currency peg).
Thus unwinding of the carry trade is going to send the dollar skyrocketing and capital will follow like a herd.
sloanf get fuck off our lawn you imbecile.
Edit:
http://www.bbc.com/news/business-35516054