I believe we have hit the low's. Support above $1680 held. 10yr US treasury bond yields are super high. Highest close since early last year on Friday.High yields on the notes generally push gold down but high yields for the Fed cannot continue, they must cap those yields as they cannot afford the interest only payment which currently is at 1/3 of GDP. It goes higher they will be technically insolvent.
I think gold will push towards $2000 in the 3rd quarter and possibly make a new all time high by end of year or early next. Be patient, gold and silver will go up. Guaranteed. When is the only question.
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