U.S. banking worries rally gold, silver markets

- Gold and silver prices are sharply up, with gold hitting a five-week high and silver a three-week high in midday U.S. trading Monday, on safe-haven demand amid a shaky general marketplace. April gold was last up $42.50 at $1,909.90 and May silver was up $1.419 at $21.92.

Global stock markets were mostly lower overnight, while U.S. stock indexes are higher at midday. U.S. Treasury prices are also solidly up on flight-to-quality buying. Meantime, Bitcoin prices are sharply up. Over the next couple days the most important market for traders of all markets to watch is the U.S. Treasury market. An old adage in the marketplace says that bond traders are the smartest guys/gals in the room. The key 10-year U.S. T-Note yield is presently fetching 3.504%, which is well down from levels that just recently pushed above 4.0%. If U.S. Treasury prices continue to rise sharply , such will be an indication that stresses in the U.S. financial system are rising.

And something else, I think you are forgetting what else rallied

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