Look at what just hit a 24-year high, plus diesel prices have skyrocketed along with crude oil.
Look At What Just Hit A 24-Year High
September 15 (King World News) – Peter Schiff: 10-year Treasury yields hit 5.04%, a 20-year high and 30-year yields hit 5.4%, a 24-year high. The rise is neither temporary nor close to over. It’s the start of a long-overdue reset that’ll return interest rates to levels incompatible with current asset prices or debt burdens.
What if by 2029 the national debt is $50 trillion and the average interest cost is 8%? Interest on the debt would be $4 trillion per year, over 60% of federal tax revenue, and annual budget deficits would likely exceed $5 trillion. This is optimistic, as it assumes no recession.
This also assumes no government bailouts of banks, GSEs, pension funds, homeowners, student loans, state governments, municipalities, etc. that may be adversely affected by higher interest rates, such as mortgage rates above 10%, which is highly unlikely.
Diesel Prices Have Skyrocketed!
The Kobeissi Letter: BREAKING: US diesel prices officially rise to a new record $6.26/gallon, now up over +80% in 9 months.
Truck drivers are now paying nearly $3.00 more per gallon for diesel than they were in January.
This has pushed average gas prices in California, one of the most expensive states for gas, above $6.00/gallon.
Amid the move, expectations of a rate hike tomorrow have hit a new high.
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Price Of Crude Oil Breaks Above $105 A Barrel
The Kobeissi Letter: BREAKING: US oil prices surge above $105/barrel and hit their highest level since May 4th.
This puts oil prices up +57% since July 2nd, with the average US gas price now up to $4.33/gallon.
US oil prices are just 13% away from their high seen at the onset of the Iran War
Real Unemployment Is High & Rising
The Kobeissi Letter: US long-term unemployment is at crisis levels:
The number of Americans unemployed for 27+ weeks surged +155,000 in August, to 1.93 million, the 4th-highest reading since December 2021.
As a % of total unemployment, this metric rose +1.5 percentage points last month, to 27.0%, the 3rd-highest since December 2021.
Long-term unemployment has now increased for more than 3 years.
This figure is now higher than in every recession except the 2008 Financial Crisis and the 2020 Pandemic.
By comparison, during the current economic cycle, this percentage bottomed at 17.8% in February 2023.
The labor market continues to appear weak beneath the surface.
Wild Trading In Oil
Ole Hansen, Head of Commodity Strategy at SaxoBank: Brent crude trades higher as the Saudi pipeline shutdown intensifies supply concerns, hovering near USD 107.50 in early trading after briefly spiking towards USD 110 on Monday – a level that has now offered resistance for three consecutive sessions. The East-West pipeline is expected to remain out of service for several weeks, and without a pickup in Saudi flows through the Strait of Hormuz, its closure will further exacerbate an already tight global supply situation. Refined products remain particularly exposed, with some trading at or near record levels amid Middle East refinery shut-ins and Russian export curbs.
Gold
Gold trades near USD 4,300 after touching USD 4,252 on Monday, when technical selling pushed the metal lower. The pressure reflects a combination of rising oil prices, a US rate hike on Wednesday being almost fully priced in, a stronger dollar and, not least, long-end bond yields reaching levels last seen in 2023. However, gold’s ability to withstand these headwinds points to continued demand from less interest-rate-sensitive investors seeking protection against fiscal and geopolitical risks. A move back above USD 4,440 would in our opinion be needed to ease the current downside pressure.
Copper
Copper extended its decline below the 50-day moving average on Monday, touching USD 6.36 in New York and USD 14,000 in London. The metal touched a record high last week at USD 6.8940 but now facing many of the same macro headwinds weighing on precious metals, while fresh deliveries into LME warehouses helped loosen nearby spreads. Calls from leading AI developers to slow the development of frontier models may also have delivered a psychological – though, in our view, temporary – setback, given concerns that slower AI investment could temper the pace of data-centre-related copper demand.
$200-$300 Silver
To listen to why Nomi Prins, who has been so accurate with her gold and silver price predictions, believes the price of silver will hit $200-$300 in the next 12-24 months CLICK HERE OR ON THE IMAGE BELOW.
Gold, Silver, Oil, Bonds, Stocks, Currencies
To listen to Alasdair Macleod discuss gold, silver, oil, bonds, stocks, currencies and more CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Gold Update As Bankruptcies And Interest Rates Soar CLICK HERE.
Miners vs Tech Stocks, Plus A Look At The Surging Inflation Story CLICK HERE.
Buckle Up For What May Be The Wildest Week Of Trading This Year CLICK HERE.
Nomi Prins Just Predicted Silver Will Hit $200-$300 In 12-24 Months CLICK HERE.
A Major Crisis Is Now Unfolding CLICK HERE.
It’s Boom Time For Silver Miners As US dollar Nears Historic Breakdown CLICK HERE.
Despite Volatility, Gold Price Headed A Lot Higher As Oil Soars CLICK HERE.
Fade The Pullback: Gold Miners Coiled To Skyrocket As Monetary Madness And Surging Inflation Continues CLICK HERE.
Mining Stocks Would Have To Skyrocket 700% To Equal 1980 High As Gold, Silver & Oil Heading Higher CLICK HERE.
Silver vs Gold Is Now Key To The Metals Markets CLICK HERE.
Gold Price Needs To Skyrocket 9x To Equal 1980 High CLICK HERE.
Last Time This Happened The Price Of Gold Doubled. And Silver Open Interest Has Collapsed CLICK HERE.
INFLATION INCOMING: Commodities Prices Continue To Push Higher CLICK HERE.
Rising Oil Prices Are Wildly Bullish For Gold & Silver CLICK HERE.
Demand For Gold & Silver Likely To Reemerge, Plus This Just Hit Highest Level Since 2008 CLICK HERE.
© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
