If its obvious, its obviously wrong, is one of my favourite sayings when it comes to markets. On that score, perhaps nothing is more pertinent to the gold...

If its obvious, its obviously wrong, is one of my favourite sayings when it comes to markets. On that score, perhaps nothing is more pertinent to the gold market than the widely held belief that rising rates are bad for gold The logic of this is irrefutable, but of course ignores the very real threat of inflation, as the 1970's highlighted, when gold prices soared in an environment where rates were rising at a fairly rapid clip. An interesting piece out overnight actually showed that in the 12 months before the Fed moves from low/falling rates to rising rates, gold has on average gone up by 20%, Considering the edginess starting to creep in to other markets, its something for investors to think about when allocating capital for the next year or so More details here (VIEW LINK)