If You’re Waiting for the Silver or Gold Bottom, You Need to See This
Over the past month or so, gold has started to dig in around $4,000 an ounce. Now, one day it closed below $4,000 an ounce, but other than that, as you can see here, it's been holding above $4,000 an ounce. What's very important happened in the last week is that we saw higher highs in real interest rates here, the real 10-year yield, and also in nominal yields as well. So, we saw a higher high in the nominal 2-year, higher high in the nominal 10-year yield. And by the way, the nominal 30-year yield, I believe, made a weekly close that was at its highest level since So, you saw nominal yields moving higher across the spectrum.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
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