Mythical Misnomer
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FEEDI thought a unicorn was supposed to be an amazingly rare beast? In the
business world, not so much anymore. Inflation, I guess?
2020-10-05
Silver Remains Bearish
I'm seeing some individual strength in mining stocks, but gold and silver still look bearish to me in the very short-term. Unless there's a high inflation reading coming, a potential breakout in long-term interest rates will rain all over the precious metal parade. The 10-year could breakout towards the 200-day MA and a test of 1.00 percent if it moves past 0.75 percent.
Labels:
Charts,
interest rates,
SIL,
silver,
SLV,
treasuries
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