Bonds are selling ...
The Fed is walking a fine line.
The National debt is too high and interest costs will cripple the country at normal rates like 5%.
But China and Russia and even Japan are not buying treasuries and won’t unless and until interest rates are overwhelmingly attractive.
We are in end stages of a crack-up boom.
So IF everyone is selling Bonds who's gone buy ?
If US debt interest costs soar while tax receipts fall and foreigners exit $ assets, US becomes insolvent or Fed buys everything.
Conclusion: Gold should rise