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The 10-year return climbed to 14-month highs on Thursday at 1.75%, getting rid of the gains in gold price yesterday adhering to the Federal Book's statements.
Lobo Tiggre of The Independent Speculator, said that without return contour control, the 10-year Treasury note could increase to as high as 2%, which would certainly create the markets to "break".
Temporary, gold has even more disadvantage, he said.
0:00 – Gold and returns
9:40 – Inflation as well as CPI
15:33 – Medium-term expectation for gold
17:10 – Uranium
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Yields hit 14-month high; markets could ‘break’ at this next level – Lobo Tiggre
The 10-year yield rose to 14-month highs on Thursday at 1.75%, erasing the gains in gold price yesterday following the Federal Reserve's statements.
Lobo Tiggre of The Independent Speculator, said that without yield curve control, the 10-year Treasury note could rise to as high as 2%, which would cause the markets to "break".
Short-term, gold has more downside, he said.
0:00 - Gold and yields
9:40 - Inflation and CPI
15:33 - Medium-term outlook for gold
17:10 - Uranium
__________________________________________________________________
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