The week ended with the Dow Jones up 4.48%, and gold down 0.92%. On CNBC, as usual, much was made of the Dow’s performance, with the term of “bull market” frequently used to describe this week’s gain in the Dow. Gold, on the other hand, is portrayed as “clearly in a bear market”, with no shortage of “financial experts” pessimistic over the future prospects for gold and silver. It would seem that the risk of higher-interest rates is placing tremendous downward pressure on the precious metals. As you will see further down in my article, higher-interest rates are actually good for gold and silver! Where do the big networks find these “experts?”
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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