Now we have some clues to the wild FOREX gyrations today and US dollar falling below 80.00. Bloomberg reports that Japan is happy to experience the Fastest Inflation from 2008. Can we start talking that money velocity will be finally moving up and pushing inflation in the system? Gold is ready and waiting for it for a long time. ZeroHedge reports that US 10Y Yield Hits 3.019% - Highest Since July 2011. Once the interest rates start moving confirming the end of 30 Year plus Bond Bull market things will change very fast. And Euro Jumps to Two-Year High on Rate Outlook. Gold and Silver are taking notice and are moving higher today. Reports from the commodity markets are suggesting that somebody knew something again and has cornered the copper market few days ago.
As the 10Y broke solidly through 3.00% so precious metals began to move and after testing $20 in Silver overnight a few times, both gold and silver have just run stops through key levels and are jumping like Twitter (or Bitcoin) for a few minutes. WTI Crude has also just broke $100.