While the upside breakout in the dollar this morning is not large in scope, the negative impact on gold and silver prices has been extended into another session.
However, we suspect a large portion of yesterday's aggressive washout in gold and silver came from the significant jump in US treasury yields and further gains in US yields are possible today.
Not surprisingly, the jump in US rates and strengthening in the dollar was sparked by another round of solid US economic data...[MORE]
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