As I said, interesting point within the interest rate cycle. 7yr US bonds rose from 0.754% to 1.195% overnight.
The US only has two options.
Take the hard medicine and let interest rates raise during their recovery phase.
Or back to the printing presses with even more QE.
Since the tech bubble in early 2000, they've always taken the easy option. I doubt that's about to change now. For all their tough talk to saying they're comfortable to see US bonds rates appreciate, I see it as jaw boning only. Its too soon for rates to raise.
IMO - I expect to see alot of volatility in markets. US treasury rates, once they start to raise will gain with ever more pace (what we're seeing now). The Fed will capitulate in a month or two and will flood the market with more printed money to drive yields back down.
short term silver will be choppy (buy the dips) Medium to long term looking good.
