In "2020 Foresight" we focused upon the key drivers of higher precious metal prices in 2020. Namely, lower interest rates and a growing amount of not-QE and direct debt monetization. Well here we are on January 23 and those factors are clearly driving price today.
Let's start with interest rates. The US 2-year note is down to 1.50% which, if you take out "War Day" two weeks ago, is the lowest since last October. Again, keep in mind that the current effective Fed Funds (overnight) rate is 1.65%....