Treasury notes bounce will support commodities

Treasure notes have been in a downward trajectory since August. As many of you know , treasury notes and yields have an inverse relationship. What we are setting up for here is a bounce in treasury notes (a drop in yields). Many commodities including precious metals have been consolidating since August which is no coincidence, treasury yields have been rising simultaneously. Now that treasury notes have reached the bottom of the declining channel, I suspect a drop in yields and purchase of bonds will take place soon. This will subsequently support metals and commodities in the short term and place some downward pressure on equities.