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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (23077)	12/9/2010 12:10:52 AM
From: GST	2 Recommendations Read Replies (1) \| Respond to of 29622

Lets see -- gold dropped 2% from an all time high -- had to be a big reaction to rising rates -- couldn't just be squaring of positions and a tiny bit of profit taking before we see gold continue its multiyear bull run..... Hmmmm. So, if gold goes down by hundreds of dollars over a timespan of the next 6 months and rates climb for six months -- you might be right. If gold goes down by a trivial amount (and $40 is about as trivial as it gets), and then resumes its climb even in the face of rising rates, then rising rates is a total BS factor -- noise in a day trading spin machine if not in fact a sign of a crumbling treasury market that signals trouble for the dollar and a major lift to gold prices.