@loki: You would think that higher USD interest rate will cause the gold price to soften, but I doubt it.
Back in the 60s, 70s and 80s, interest rates and the price of gold rocketed upwards in tandem.
Because of inflation, excess credit creation and currency debasement.
Just because the post 2008 QE and global monetary easing hasn't caused inflation to appear yet... doesn't mean that it won't appear.
On would be very foolish to think that a collapse in the bond market and stock market bubble will be bearish for gold because of some 'king dollar' BS.
Think for yourself mate!
MML Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
