Silver Is On A Tear Today

Ouch! 10 year bond jumps to over 4.50 %
That kills the upside to silver
We need some World Peace, somewhere

 

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I don't think that was the cause in yield rises.

Japanese bond yields are closing in on 3% for the 10-year. That leads to massive pressure on leveraged "Japanese Carry Trades" and global yields. We are talking about the highest yields in 35-40 years.

https://x.com/BullTheoryio/status/2074426688906133559?ref_src=twsrc^google|twcamp^serp|twgr^tweet

 

It managed to stay above $60 all day and none in the last few minutes it dropped under $60. Now that’s after six we’ll just have to wait a little bit and see what happens in the overseas market. Somehow I think it’ll be up down up down, but I think it’ll close above 60 tonight.

 

Really need Peace

 

not going to happen now

 

news lately is that Liechtenstein is going to land invade Tuvalu .. or something like that; maybe it was the other way around, or not at all. lol

We just need lower prices for US Mint sales.

 

I would love to buy but don't want to Hold!

 

what do you guys make of this ??
https://finance.yahoo.com/markets/c...ng-kong-launches-gold-clearing-191615383.html

 

Sounds like Hong Kong Phooey to me. I don't understand much of it at all. Please explain. I should have studied in Economics class instead of checking out the girls.

 

It's trying to put Hong Kong on par with London or New York.

But China (which controls Hong Kong) employs capital controls and this means that the gold flow is likely to be SELLS moving capital/gold abroad. You need gold moving IN/BUYS to have a 2-way market.

This is why reports of the death of the dollar as the global reserve currency are nonsense.

 

China is trying to use gold to gain overall control of the gold market. They want the dollar to die and that is why they keep letting the US borrow money.