The yield on the 10-year Treasury notes climbed to 3% today, the first occurrence of a 3% rate since back in 2014.

The precious metals complex has traded under pressure today with U.S. dollar strength contributing the most significant percentage of today’s decline.

My subscribers and readers of my daily column know that I have an intrinsic bias towards gold. This bias is in relationship to the finite quantity of gold when compared to fiat currencies.