TSY and Agency Securites: Who is Buying?

The following two charts, curiosity of Contrary Investor, depicts the overall trend of foreign purchases of Treasury and Agency securities. My comments are provided within each chart.


I firmly believe that "Quantitative Easing (QE) through debt monetarization will not only continue but will be expanded. QE is a main reason why I have become more bullish to gold (GLD) and silver (SLV). GLD and SLV, based on technical analysis, are both looking very attractive. Stay tuned!