[Bloomberg: Gold and Silver Relative to US Treasuries May Have Peaked, Precious Metals Trends Face a Turning Point] BlockBeats reports on October 26th that Bloomberg Intelligence analyst Mike McGlone stated that while gold prices have fallen back to support levels around $4,000 per ounce and silver is nearing $50 per ounce, their performance relative to US Treasuries may have reached extreme levels not seen in approximately 40 years, suggesting that the trend of precious metals relative to US Treasuries may have peaked. McGlone pointed out that interest rate hikes by most central banks, along with a certain degree of correction and volatility in the US stock market, could drive a shift in the performance of precious metals relative to US Treasuries. In contrast, US Treasuries and Treasury bills with yields close to 5% may regain their attractiveness. [Original Link]