Hi Mainholm, after thinking about it, when US Fed increased...

Hi Mainholm, after thinking about it,

when US Fed increased interest rate, gold is consider as expenses to hold because not generating any return.
On the other side, you are saying that negative interest rate provide more stimulus for equity markets. Thus causing equity markets to rise. The theory is that rising equity markets is bad for the POG. Something like making investment capital move from the gold market to the equity market. It is a complex and complicated theory and this is just one part of a giant moving beast.

So, where is the best position of interest rate which may gives benefit to POG?