Don't want to go off the deep end on bond market technicals and what it means for Gold and Silver but we are at a critical junction now. With COVID19 cases rising again in the US we are going to see rates heading lower. 2yr yield at .168% now which is double bottoming the 2011-2013 lows (when Gold peaks wick/candle peak near US$1900 odd). 2yr yield likely going to drop lower now breaking the double bottom and continuing the downtrend. This means Gold and Silver are going to be moving a lot higher at things break soon.
Gold new ATH US$ coming and Silver will be moving over US$20 soon. TheUS$21.44is the most important level to break. When it does US$50 comes fast then US$100.
JFI
NCM Price at posting:
$31.14 Sentiment: Buy Disclosure: Held
