Interest Rates Up AND Gold and Silver Up
Until Friday June 10th 2022, every time since the inflation bubble began in January 2021, whenever interest rates perked up in the futures market (like the eurodollar and the 10 Year T-Bond) then the futures price of gold and silver would drop. But on Friday amid a major surge in the interest rate on the Eurodollar future, there was a major pop in the price of gold futures with silver also tagging along- if modestly- to the upside. I consider this an important reversal and am playing it by moving out of the futures markets and into 3 gold and silver mining stocks:
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