Weekly Gold And Silver Report For August 17, 2012: What Happens If Bonds Prices CollapseAugust 20, 2012
If we take a look at the weekly bond market chart below we can conclude that bond prices have reached and completed what appears to be is a major long-term double top in terms of price.
The 52 week high was $153.11 made on July 25, 2012. The 52 week low of $134.08 was made on March 20, 2012. With the current price of US 30 year bonds at $146.09 it translates to a 2.93% yield. This is an increase from the lows in July 25, of 2.25%.