10-year yields in America are at 4.6%, that's outrageous, and they're not really showing any signs of letting up. If that's going to be the case, I think you continue to see a lot of trouble with the gold markets and precious metals in general. I do think that anytime this market pulls back, you're looking very likely to see gold market rally as a result. The interest rates dropping is helpful in a non-yielding asset such as gold. Technical Levels and Macro DriversWe are hanging around the $4,600 level means that we are in an area that will attract a lot of attention, and if we can break above there, then it's likely ... (full story)