Is the 34-year bull market in U.S. bonds over? And how will this impact gold, silver, and the Canadian dollar?
Is The 34 Year Bull Market In U.S. Bonds Over?
U.S. 30-Year Treasury: 3% Yield A Real Possibility!
Fitzpatrick also noted the November 2015 high of 2.37%, and the 2015 high of 2.5% on the U.S. 10-Year yield. Fitzpatrick stated, “A break above those levels (noted on the chart above) would open the way to the 3.00-3.05% area which was the ‘taper tantrum’ peaks.” Of course this would mean much higher mortgage rates, which would weaken prices of real estate.
U.S. Dollar Has Underperformed Canadian Dollar Relative To Other Currencies
Is This About To Trigger A Major Upside Move In Gold & Silver?
The reason this is important is because a move on the U.S. Dollar vs Canadian Dollar from the 1.34 zone to the 1.19 area would translate into a massive 11.2 percent swing in favor of the Canadian currency. Fitzpatrick stated, “For such a move to happen it is almost certain that our bullish view of a move above $60 in WTI (Crude Oil) would have to occur.” For what it’s worth, this would also be highly inflationary and would most likely translate into significantly higher gold and silver prices as well as the high-quality mining shares.
To listen to the extraordinarily powerful audio interview where Dr. Leeb urged investors to stay strong ahead of what he predicted “is going to be the greatest bull market of anybody’s lifetime that’s alive today” CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Dow & Nasdaq Hit All-Time Highs But The Stock Market Is On Borrowed Time, And Will India Ban Gold Imports? CLCK HERE.
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