Hi MB, Same thing happened prior to Xmas when gold tumbled prior...

Hi MB,
Same thing happened prior to Xmas when gold tumbled prior to rate rise.... Markets tanked afterwards in January and gold popped...
This correlation of gold retreating if rates are raised is a myth, there is no correlation.

Just play the game or move to the sidelines until then, that's what i have done....

Soros Fund Management doubles bet against the S&P 500 in first quarter...

Billionaire investor George Soros, who has been warning that the 2008 financial crisis could be repeated due to economic slowdown, on Monday disclosed his doubled wager against the S&P 500 in the first quarter.

Soros Fund Management said it owned a 2.1-million-share "put" option in the SPDR S&P 500 exchange-traded fund (ETF) which tracks the benchmark U.S. stock index. That was up from about 1 million shares in the option in the fourth quarter, it said in a filing with the U.S.

Securities and Exchange Commission.
Soros also disclosed owning 51,700 shares in the ETF, up from 8,1000 shares in the fourth quarter.

Put options, generally considered bearish bets, give the holder the right to sell shares at a specific price by a certain date. Calls, generally considered bullish bets, give the holder the right to buy shares at a specific price.

Hedge-fund SEC disclosures are backward-looking and come out 45 days after the end of each quarter. Still, the filings offer a glimpse into what hedge fund managers saw as investment opportunities.