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Why precious metals are tumbling
From robinjbrooks.substack.com
IMF/WB annual meetings are rarely a market catalyst, but every once in a while they are. The last time this happened - prior to last week - was in October 2023, when the 10-year Treasury yield had risen towards 5 percent into the meetings and no one could figure out why. Every meeting began with the same question: “Why is 10-year going up so much?” The collective wisdom from those meetings was that the rise made no sense. The 10-year yield peaked soon after and has not gone back up to 5 percent ever since. The set-up was very similar into last week’s IMF/WB meetings. Precious metals had been staging an ... (full story)