This should be their No 1 worry. Increased yields will be very inflationary (VERY GOLD BULLISH). The US has got mega debt to re-finance this year. The last thing they need is higher inerest rates, hence higher deficits hence more borrowing required hence dollar KAPUT.

What happened to Gold and Silver today is squat compared to this.

Off topic. I would like to thank Stephen and Michel on a fine presentation and a very unique gift (nothstanding the cocktails and the bar). We all got a 1 on. Silver piece with the mention ECU April 2009.

Well appreciated.

Later