George might be reading articles/charts like the one in the below link.
http://www.mining.com/sprotts-reik-tackles-biggest-misconception-gold-price/
Between June 2004 and June 2006, the FOMC increased its target funds rate by 25 basis points at 17 consecutive meetings! During the span, fed funds more than quintupled, from 1.0% to 5.25%, yet spot gold climbed as much as 86% along the way
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