Expect more pressure on gold; yield surge is not done says Lobo Tiggre

The 10-year yield rose to 14-month highs on Thursday at 1.75%, erasing the gains in gold price yesterday following the Federal Reserve's statements. Lobo Tiggre of The Independent Speculator, said that without yield curve control, the 10-year Treasury note could rise to as high as 2%, which would cause the markets to "break". Short-term, gold has more downside, he said.