RE:RE:RE:RE:Just a thoughtjust because the unemployment rate is down does not justify a rate increase as the U. S. gen public is not ready for one as well as a higher rate will put pressure on the national debt that soon will have to raise the debt ceiling , and the jobs report is still debateable calculating only those registered and not those unregistered looking for work . A rate increase is already priced in the price of gold as the weak euro is the main reason for a strong dollar. The days of high interest rates are over for years to come .and the culprit to watch now are higher taxes . There are those who would like the price gold to follow the way of oil price , where oil co are shutting down programs due to poor revenue and an oil surplus, as more fuel efficient cars come on line as well as hybrids . In the gold situation we dont have a surplus of real gold but possibly paper gold etf control the price with some shady buying and selling to control the price short term as the big producers would have to step in and lower production or continue selling at a loss . A strong dollar will hurt the economy eventually as a strong euro has hurt the european economy and brought them to creating another QE that it seems most countries will keep taking turns creating one to stimulate the world economy as it is all interconnected now. Tmm is caught up in the price of gold being a sound producer with a good growth plan is second to the price of gold as they go forward cash is most important here as they have a good credit facility and a production line of 125000 oz gold to carry them through a suppressed gold price and continue to do some inexpensive progress on their properties. Its a dog eat dog world out there as a lot of big producers would take advantage of a suppressed gold price and take over resource co on the cheap to create more gold oz. Unless the east steps up and continues to buy real gold its hard to speculate where the price would be in 3 months , but one thing for sure as the price keeps dropping so will world production of gold. There seems to be a major turn around happening in the world , 1 the Dollar will be worth more than the Euro , Oil will eventually drop to 30 dollars with the glut to last a while until arabs shut their taps , as they may have to as the world runs out of storage. , If gold follows Dollars value we might see 1100 dollar gold with a 25% reduction in gold oz and only those commited to produce will produce at a loss . Interest rates have to stay low as people will continue to borrow to stay afloat as the debt ceilings continue to rise and create more fiat money. The bright spot here is low oil and low interest rates , Gold is just the barometer to the Dollar unless the eastern world continues to buy as they have for thousands of years they will continue to do so. jmo nothing else