Rates up-When the west has to lower interest rates to print bonds at cheap interest rates to pay for budgets it can't afford, also claiming
it buys time to get their economy going so they can pay for their budgets.
However
that doesn't happen and why should it, since they can't compete with the
emerging nations' wages and prices, whether they have a budget or not.
Nevertheless the west finds itself having to raise interest rates back
up to give the appearance of normalcy yet it's anything from that.
Then
the west is in trouble and gold is going up becasue all the west's currencies
were previously printed to death. And for a lot of other factors.
Here is a lot of those other factors'
by Stewart Thomson
ie
'Gold: Set To Surge On Major News
https://www.safehaven.com/article/43924/gold-set-to-surge-on-major-news Excerpts:
"7. On Wednesday, the Fed decides whether to raise rates, and the debt
ceiling (which I call a floor) comes back into focus. There's also a major
election in the Netherlands. A populist win there could rock major markets.
On Thursday, the Bank of Japan meets to decide its next major policy move.
8. Fundamentally, gold is well-supported, and the news this week is likely
to be quite positive for gold and associated assets.
9. Please click here. I've suggested quite emphatically that in a rising
interest rate environment, both gold and the dollar can rally together, and
top economists at CITI are now taking note of this fact.
10. That means their institutional clients are taking note of it, which adds
more support to gold. Gold bugs clearly have nothing to fear from a higher
dollar, and the dollar is floundering against the yen and the Swiss franc."