You are viewing a single comment's thread from:

RE: SILVER UNSURPRISINGLY SMASHED DOWN...AGAIN $SLV $GLD

in #steemsilvergold • 7 years ago

The 10 year treasury bond yield is a strong leading indicator on gold/silver pricing. The higher yield means more Dollars flow to bonds. More dollars in bonds means lower gold/silver prices. Converse is true as well. Lower yields will put money back into gold and bid up metals.

7 years ago in #steemsilvergold by
$0.00
    2 votes
    Reply 2
    Sort:  
  • Trending
    • [-]
     7 years ago (edited)

    I agree at the beginning, however gold and silver actually rise in a higher yield environment. I am expecting yields to not breach 3% here SPX is waiting on this confirmation before heading back up (it will breach 3% laster this year IMO)

    UPDATE: It just hit 3% lol, I still think it fails here. I do not think this is THE BIG Rates move..

    [-]
     7 years ago 

    Good eye on the 10 year yield. Pretty much everyone in fixed income trading is in a wait and see for what comes next.