โ ๏ธ In the last 3 hours, $1.2 trillion has been added to precious metals and cryptocurrencies.
๐ Gold rose 3.08%, adding $934 billion.
๐ Silver rose 3.86%, adding $136 billion.
๐ Bitcoin rose 8.14%, adding $103 billion.
๐ Ethereum rose 9.66%, adding $22 billion.
๐ฐ This comes after the Treasury announced that it will double its bond buyback program, causing the 30-year bond yield to fall from its 19-year high to 5.187%.
๐ป When yields fall, assets that donโt generate interest become more attractive.
๐ Gold rose 3.08%, adding $934 billion.
๐ Silver rose 3.86%, adding $136 billion.
๐ Bitcoin rose 8.14%, adding $103 billion.
๐ Ethereum rose 9.66%, adding $22 billion.
๐ฐ This comes after the Treasury announced that it will double its bond buyback program, causing the 30-year bond yield to fall from its 19-year high to 5.187%.
๐ป When yields fall, assets that donโt generate interest become more attractive.