TGIF: Interest Rates and Silver Going Up
Friday, Feb 3rd...An Important Day
Two dramatic signals were seen on Friday in the Eurodollar and Silver markets…
EURODOLLAR: On Friday we saw a large surge in interest rates in the Eurodollar (September down 21.5 basis points):
The dramatic rise in interest rates since September of 2021 stabilized in October 2022 and has been flat since then despite repeated increases by the Fed:
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