mines prices markets

Crude oil prices also sharply declined yesterday by 5.18% (for WTI) and reached $94.95/bbl – the lowest level since November 4th. Crude oil prices and gold and silver prices are strongly and positively correlated in recent months (as seen in the chart below), so that if the oil prices will rally during the day, it may coincide with the increase of gold and silver prices.

The U.S. 10-year Treasury yield declined again on Wednesday by 0.04 percent points to 1.92% – the lowest level since November 23rd; during December the 10 year treasury yield dropped by 0.12 percent point. Furthermore, during December there were positive correlations among the daily percent changes of U.S. 10 year notes yield and gold and silver prices (0.177 and 0.500, respectively). If the LT U.S. treasury yield will further drop, it may also continue to pressure down gold and silver prices......READ MORE