RE: RE: gold up, stock down Denison-
nobody knows the direction of the market, but if you are a follower of Kondratieff Wave theory, we are currently in a Winter phase. This is basically a deflationary, credit-deprived, recessionary period.
if that's the case, with deflation (negative inflation) kicking in, combined with the fact that we are prone to more credit crises down the road (which will most likely drive up interest rates), you could indeed see positive interest rates, while at the same time, gold performing very well, as it typically does during deflationary periods. The US governement can attempt to print more cash, but this only pushes off the inevitable. Debt needs to be purged. Inflation or even hyperinflation may show its head initially with government money-printing, but that would only be a temporary. Deflation will win out over the course of the Kondratieff Winter.
I guess gold's outlook is dictated by what school of theory you follow. Personally I don't think (in this current debt-purging cycle) that positive interest rates will determine gold's direction. Ultimately, gold will be a safe-haven when the currency mess truly begins.