Mike Kosares: Gold's relationship to interest rates isn't so simple |
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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:
http://www.usagold.com/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
