I just noticed that treasury yields dropped overnight. In the case of the 10-year bonds by 1/10 of a percent to yield 1.73 percent. That rate is down 18.4 percent so far this month alone, which is stunning.

In my message preceding this one, I mentioned "...we are on the cusp of another rush into mortgage refinancings." That's looking even more probable now. It also means lower borrowing costs for miners who are able to get such funds from traditional sources.

Yep, I think the upleg in the commodities Super Cycle has resumed.

VP