The key yield curve has inverted, shouting loudly that a recession is coming – and with it, better times for gold. Q3 2022 hedge fund letters, conferences and more Earlier this year, the spread between 10-year and 2-year US Treasury bonds (the red line) turned negative. In April, it timidly fell below zero for a while, but in July it did it again and with greater boldness, remaining since then in negative territory. Commenting on this event, I wrote: This is a very important development, as it strengthens the recessionary signal sent by the April curve. The previous reversal was very brief and…