Ann: Becoming a substantial holder, page-22

That' ridiculous... Rate hikes are absolutely not bullish for gold. When rates go up fixed income yield goes up meaning people chasing yield tend not to hold gold in a rising rate environment as gold has no yield. The only reason people want to hold gold while rates are rising is because the negative effects it will have on stock market and overall economy. Rising rates puts added stress on the mass amount of debt the US and others have accumulated in the past 9 years. I do agree that the dollar will go lower due to the US devaluing their currency to service their debts.