Mike Kosares: Gold's relationship to interest rates isn't so simple
Dear Friend of GATA and Gold:
Gold's relationship to interest rates, USAGold's Mike Kosares writes today, is a little more complicated than what is described by some pundits and the mainstream financial news media. Gold's relationship, Kosares writes, is closer to real interest rates -- the differential between rates and inflation -- and to the commodity complex generally. Kosares' analysis is headlined "Keep Your Eyes on the Prize" and it's posted at USAGold here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.