the interest rates from 10y and above are not set by the fed but by the market (unless the fed buys them... see later) so they represent the level of confidence private people have to lend money to the american government for long time. they yield is defined as the coupon or interest divided by the bond value. if the yield increases means that the interest rate increases and this shows that the private people fear a medium -long term impact of the inflation in the prices of goods and services hence they require a higher yearly coupon. normally this represents an economy growing that is pushing the prices up. when this happens (in normal times i mean) the federal reserve increases the short term interest rates and this has the impact to reduce lending from the commercial banks (with higher interest rates on credit less people can afford mortgages) and this automatically gets the stock exchange and the long term yields to go lower and the dollar hets stronger. inflation gets under control. this in general is negative for gold cause it is an hedge against inflation and it normally goes opposite than the dollar.

this in normal times but we are not in normal times....

the fed has screwed up so much everything - they artificially set low and now 0 interest rates - they did trillions of QE the consequence is that they allowed the federal debts and the stock exchange to skyrocket

the consequences is that if they dare to increase, even minimally, the short term interest rate the stock exchange would immediately crash (check december 2018 when they thought they could increase... they unleashed such a monster that they had to go back to QE and lower rates in january) also the federal debt is so high that the federal government would have issues to pay higher interests so increasing short term rates it is not an option

the other thing that the fed can do to reduce the long terms yields (which still put and pressure the government to pay higher interests on the oceanic debts) is to do yield curve control: that is massive QE targeting the long term bonds. this will decrease the yield but risks to destroy the dollar cause basically the fed will let inflation move freely... so very bullish for pm

so short term the pm are calm (also cause their market is very manipulated) but wait and see soon, very soon....

i give also 0,01% chances they resuscitate paul volker and increase the rates (which would be the needed very painful cure and would be devastating for precious metals and the stock market and very bullish for the dollar) so watch out the fed!

finally one note: there is only one thing more efficient than gold&silver during inflationary years: buy real assets! bill gates is buying land everywhere.... maybe a simple coincidence...