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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, highlights a significant move in treasury markets as the 10-year yield rises above 4.5% and the 30-year yield reaches 5.06%.
He observes that while gold and silver prices are declining, a bond market crash could ultimately be very positive for precious metals, though he believes traders have not yet recognized this dynamic.
Schiff previously warned that the U.S. 30-year Treasury yield climbing above 5 percent could indicate a risk of economic crisis, citing the speed of recent moves in bond markets (article). Earlier, he commented on gold jumping over $60 to surpass $4,600 and noted rising silver prices amid increased investor activity during the Iran conflict (article). The recent moves come as he continues to track shifting sentiment in both bond and precious metals markets.