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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Valuepro who wrote (33436)12/15/2004 8:03:54 PM
From: LLCF  Read Replies (1) | Respond to of 39344
 
<Huh? Rising interest rates, per se, do not kill a gold bull market>

No but they CAN be put on the bearish side of the scale arguably. Therefore the "huh?" isn't quite appropriate. :))

<Note that Tuesday was the fifth time in just a few months that rates went up. Yet, during this period gold set and remains near a high not seen in a generation+. >

Yea, again... that doesn't mean higher rates can't be construed as bearish for gold. I can't even count the times that a certain variable made moves against the trend for quite some time before it [the trend] was broken.

<This bull is only getting started.>

My belief also... just thought I'd see if anyone nibbled on the scenario of a deep correction in POG here.

I should also add that in my experience sharp, fast, correctons are short lived and 'bullish'.

DAK