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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Rocket Red who wrote (14378)6/25/2006 3:59:27 PM
From: loantech  Read Replies (2) of 78412
 
Might cause gold to sell off but eventually the real reason to raise rates will be to defend the dollar. It will not work. Rates will go up and gold will go up more. That is the scenario I have waited years for.

In late 79 and 80 rates were over 14-15% and gold hit 850. so contrary to popular belief as rates rise so will gold at some point. Maybe sooner rather than later.
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