Suppressing gold price to keep dollar strong is over:
Adrian Douglas, financial analyst and a director of the Gold Anti-Trust Action Committee.
A modern day gold rush is under way as people’s confidence in currency is fading fast while the price of gold rises, says Adrian Douglas, financial analyst and the director of the Gold Anti-Trust Action Committee.

This is an iterview from the website "Russia Today" which looks like an interesting site. Click on this link to read the interview. When the webpage appears on your computer you can click on the TV icon at the top left on the page to watch and listen to it.

So . . . the Fed raises the discount rate by a quarter point . . . here's what Jim Sinclair has to say about it. Or read it below. I placed the link so you can see a picture of the Five Golden Pillars.

Anyway, Jim sez this:

The final Pillar in the gold bull market is a bear market in US
Treasuries.

The increase in the discount rate to 0.75% is driven by market realities and a desire to be able to sell US Treasuries as foreign demand falls off.

The bull market in gold moved from $400 to $887.50 in the 1970s as interest rates rose from 3% to 14 7.8% on Ten Year money.

Once again the knee jerk reaction is to sell gold and buy the dollar. Be assured this must happen.

Because the final Pillar is falling while Gold is over $1000, you can look at Armstrong’s $5000 prediction as a realistic possibility.

Stay the course.

Respectfully,

Jim