We are on the cusp of declaring the US bond bull to be injured, if not dead.
This has enormous implications for the US. However, I can easily see the market correction beginning in earnest, countering this trend. The next 4 weeks I do not expect to be fun for anyone in the markets.
The stakes are high, for if the rates continue to rise, it will be noticed by bond traders from around the world
Please read my previous post, look at the current chart, and take this into consideration with investing positions. We may be on the verge of the gold and resource bull going wild, soaring in the weeks and months to come. Or possibly a correction in an effort to contain rates. Basically its high stakes for the next 4 weeks or so as we get an answer for what it will be.