US 10y yield confirmed breaking out, and GDX fell down sharply. maybe yield is just the beginning of upward trend, so Gold/GDX will move down much much more.
how do you think about it?
@lantao517, Now the real break is 2.35 for me. I m waiting PCE figures today. If the PCE figures are good and US10Y may goes to 2.35, gold will go to 1.232. Gold shares also support this situation.
@Pinhan, I don't fully understand the relationship... You are shorting Gold longer term because now that Gap is filled you expect US10Y to rise next few months? What are you referring to by "It's important for Gold and Silver that Gap is filled"? for eventual Bull?
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how do you think about it?
US10Y above 2.35 will affect every pricing. !