bring on the taper, page-9

DAYTR

Well the bank interest rate is 0.25% and the interest rates have jumped twice this month along with the TBond yields which is what drives the interest rates in the U.S.
Rising interest rates are indicative of real inflation. This will cause a lot of concern for the fed.

Inflation is not a bad thing for GOLD look at the 1980's when inflation was rampant and mortgage rates went to 17%.
GOLD Doubled in price by the end of the 1980's, it may have dipped and dived but it more than doubled in the decade of highest inflation and rates ever.

This latest smack on GOLD has nothing to do with fundamentals and everything to do with the next FOMC meeting. They smack gold ahead of the FOMC meeting now because of the bullshit talk of tapering QE.

This U.S. economy is built on fresh air and the funny money being printed.