Ann: Beadell Announces Board and Management Changes, page-146

Atomic,

I actually think that we need to see higher rates in order for Gold to take off.

Once rates go higher and all the banks start failing again, then, the true state of the US economy will be laid bare for everyone to see. At this point, everyone will run screaming like little girls toward all things shiny.

In the short run, Gold may sell off the day of the rate hike but I just don't see it staying depressed for long.

The last two major bull markets in gold (2000 - 2008) and (1970 - 1980) were all against the backdrop of increasing rates and also very high rates in the 1970's.

Cheers
Ivan