inflation fears set in, gold was up despite $ , page-4

The Fed won't be raising rates in 2010 because unemployment needs to peak first. And, according to Mish Shedlock and John Mauldin who do exhaustive analysis on this, unemployment will be rising into at least 2011 and remain very sluggish for most of the next decade.

So real interest rates, which started falling in August and turned negative in November, will remain negative for years IMO. The same thing happened after late 2000, extremely positive for gold and especially the gold stocks.

Rowingboat