The selloff of debt, which really got started yesterday, has accelerated today with the US 10 year yield now at 2.335%.
Just to put a perspective on this, less than a month ago the US 10 year yield was 2.04%.
If you are familiar with my work, as well as the recent suggestion by former fed chairman Alan Greenspan, the debt market is in a bubble-which means that there will be a point when the debt market sells off at an accelerated pace, forcing bond yields higher, rapidly. Now I am not saying we are at that point now, however it is very worthwhile to pay attention to this dynamic.
As I spoke about yesterday in an article I had written here on Steemit, I personally believe at this point that the recent selloff in debt will lead to rising stock prices. I also believe it is highly likely that the recent dollar strength that we have been seeing will drop off, which is also stock market positive.
If I am correct about the dollar, and I believe I am, along with the stock market we will see the price action of gold and silver also rise.
So there is where the opportunities are my friends.
In my opinion this "dumping of debt" is going to push cash back into risk-on assets like stocks. Moreover, a rise in the price action of gold and silver is also highly likely as the dollar resumes is downward momentum.
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