Loading ...Possible a little jump in rates. The 10 year Bond went from .51 to .68%. Who cares? I remember the 1970s, Rates went from 5% to 21% lock step with Gold $140 to $800. Naturally it was a headwind for Gold back in the day, and if they DIDN’T keep raising the rate, gold would have gone a lot higher and the Fed Res system would have ended back then.
But the clowns always got lucky. Pulling rabbits out of their hat. I strongly suspect their luck was finally running out after their 2008 meltdown. After which the gave out 105% liar loans to maintain consumer spending.
Fed Gov’t conversation:
“Forget about giving them a raise, just give them a loan” “Even if they don’t pay it back, who cares?” “Its just paper money anyway” .
https://finance.yahoo.com/quote/%5ETNX?p=^TNX&.tsrc=fin-srch