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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (69191)	12/7/2010 9:21:30 AM
From: carranza2	Read Replies (1) \| Respond to of 217830

Right. After Oct. 19's mini-swoon, gold marched onwards and forwards. On the other hand, it was a very small rate hike. I think the Chinese are intent on raising very gradually. Rate hike in rmb space can drive the dollar to wobble internationally, and compel fed to buy more debt that others are not buying. Or compel a parallel market-driven rise in treasury rates which is definitely not good for gold. Long term, not worried. We are and will still be in negative rate territory with increases is the various Ms for the foreseeable future. All bullish for gold in the long run. Be right, sit tight.