Comments from Brien Lundin
“The primary drivers for gold will be the simple fact that the Fed can’t get very far down the path toward policy normalization without either collapsing financial markets or running into the brick wall of debt service costs,” said Lundin. “Once investors realize this, likely when the Fed either has to turn back from tapering or institutes the first rate hike, gold will take off.”
Of course, he is editor of Gold Newsletter, so biased, but nonetheless he makes sense. The US dollar can't stay high while the debt soars above serviceability. +30 trillion is a lot of debt no matter which country we are talking about.