RE: What is worring me is....Getting nervous for the wrong reasons. Media spin is that with rising interest rates, because gold pays no interest, gold will become less desired and decrease in price. Another words investors will hold high paying bonds rather than gold.
Absolute nonsense !!! Why are interest rates going up...... Answer: Inflation. There is nothing that gold likes more than inflation and this will eventually cause gold to scream upwards.
Another words with the hundreds of trillions of JPMorgan derivatives slathered on, the yen carry trade for trillions more and all the printed unaccounted for government money used to purchase their own US bonds - bond yields are going up.
If we were talking about a trillion here or there, the New York Banks could take care of it....no... someone is dumping boatloads of U.S. Bonds. Probably Russia after Bozo Bush pissed off Putin. Else could be China.
No, this is not about gold going down for any other reason than that the Cartel does not want the exodus dollars out of bonds to end up in gold. If gold were a free market, this would happen because investors start to look for safe haven investments in inflationary times and gold/silver is the number one option.
You should see that whenever bonds or stocks have bad days, gold always has a worse day. This is like a concentation camp "shower". Sounds good until you get into the room, the doors lock behind you and then the gas is turned on. When investors flee one investment vehicle, the last thing they want you to do is run to gold/silver so they make sure they lock all the exit doors before they turn on the gas.
That is why the Cabal (like Barclay's) sponsored and set up the ETF's. They knew that eventually gold would catch on and they needed to have something that the brokers could recommend to their clients that wanted exposure to gold that they controled. Thusly..... presto ...... ETFs ... paper gold with no backing, redeemability or accoutablilty - that the Cabal controls.