Wasn't Acker the one who strongly stated we would never see $500 gold in his lifetime back in 2005. All stocks in this sector are being hit or damaged by this gold/silver interventionist policies out of the FED/BIS and none will have significant turns higher until gold/silver turns higher.

It may just be that gold/silver will be let loose a little now that short term default deal is done. Let's be honest, the US was never going to default to begin with since it would have been easy to prioritize debt payments from existing revenue plus the FED has a printing press. There will be no default as we know it when you can print money as the reserve currency of the world which the US dollar still is for now. However, this doesn't mean that the dollar can't be downgraded along with US debt quality and higher interest rates demanded to buy US issued bonds outside of FED purchases and I expect this will happen. It also doesn't mean that eventually the US dollar will not be just a basket participant in a new reserve currency arrangement for world trade settlement, this is just a matter of when not if. This is all gold positive going forward and the proof is in how aggressively and blatant the price interventions have been for the last 12 months, this will run its course and end when least expected.

When rates rise it will be likely as a result of the FED losing control of the interest rate market as higher returns are demanded to purchse US debt and not as Wallstreet hacks keep harping about as a result of higher GDP growth & more jobs or a new American economy. Burger flipping jobs or part time jobs can't rebuild America anymore than more debt can solve the problems but they can act as temporary make work projects until they don't.