RE:RE:IN 7.97Howzers wrote: You have everything baxkwards... raise is horrible for stocks and for gold... no raise is good for stocks and gold and bad for bonds... dummy
Higher interest means people have topay more for margin... you must be thinking raising rates is good for gold because usually they raise rates to combat inflation... but there is no inflation right now, key reason why they probably wont raise rates... which is good for abx
so how do you explain gold skyrocketing in the 70's along with skyrocketing interest rates?
dont be a dummy and get your ideas from cnbc. the huge money creation by the fed created from the OTC crisis is about to be loaned out by the banks for profit becasue of higher interest rates, that is inflationary and its going to send gold and gold stocks to record highs, the sooner they raise rates the better for gold...or do you prefer golds lousy current performance right now during low interest rates!?