by Soggy Dollars There’s this article, saying rising rates are good for gold. It repeats two old errors: gold goes up, and things that cause it (e.g. a collapsing paper currency) are “good”. We have recently been emphasizing that interest does not correlate well with the price of gold. If you want to speculate on the gold price, rising rates may not be a good trading signal. Pure Gold Please forgive us once, the sin of linking an article by our own Keith Weiner. Keith argues that Yellen is fighting the tide with her rate hike, and will have to take it back. The worldwide megatrend is down, down. Full story here
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Soggy Dollars
There’s this article, saying rising rates are good for gold. It repeats two old errors: gold goes up, and things that cause it (e.g. a collapsing paper currency) are “good”. We have recently been emphasizing that interest does not correlate well with the price of gold. If you want to speculate on the gold price, rising rates may not be a good trading signal.
Pure Gold
Please forgive us once, the sin of linking an article by our own Keith Weiner. Keith argues that Yellen is fighting the tide with her rate hike, and will have to take it back. The worldwide megatrend is down, down.