Loading ...This is where they like to take us down a notch. Not seeing it yet, even in the face of the dollar now up again. Not sure what’s stronger, pm’s or the dollar. They have rallied bonds a little, getting the 10 yr down from 4.2% to 4.18%. Not much of a rally, but I think the Fed has to step in regardless of what the metals are doing. Rates are now up almost 3/4% since they cut 1/2%. Not how that’s supposed to work. Makes me wonder if the world is dumping our bonds en masse, except for the captured western nations.
I can see them in there trying to drop bids and flush GLD and SLV, but with very little success so far. The sellers aren’t biting.