Will the 10yr - Drive the price of Gold lower?
As we all know, we witnessed another smash on the metals market again. There are several drivers to this other than JP Morgan lol, bitcoin, profit taking, the dollar, politics and risk on for stocks. I am seeing the 10yr yield gaining some momentum, if this get back to the 2 or 3's, we can anticipate a bearish environment for gold.
However, with the dems in full control we all know the narrative to come with stimulus. My question to whomever would like to chime in, whats your prediction on the 10 yr, and the dollar being pushed higher to the 95-97's within the year. I am reading some interesting forecast this year.
Compare the monthly on gold with the 10yr.
Thanks!
Rich
However, with the dems in full control we all know the narrative to come with stimulus. My question to whomever would like to chime in, whats your prediction on the 10 yr, and the dollar being pushed higher to the 95-97's within the year. I am reading some interesting forecast this year.
Compare the monthly on gold with the 10yr.
Thanks!
Rich