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Jim Rickards: Gold is rising despite threat of higher interest rates
9:12a ET Friday, November 17, 2017
Dear Friend of GATA and Gold:
Fund manager and author Jim Rickards writes this week that gold's trend has reversed upward, the price making higher highs and higher lows despite the threat of rising interest rates, and the trend will be supported by physical shortages.
Rickards writes: "We're seeing a flight to quality, meaning people are losing confidence in central banks all over the world. They realize the banks are out of bullets. They've been printing money for eight years and keeping rates close to zero or negative. But it still hasn't worked to stimulate the economy the way they want."
Rickards' commentary is headlined "Gold, Interest Rates, and Supercycles" and it's posted at the Daily Reckoning here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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