Interest Rates, Oil and Gold

The Fed has started signaling that we may be headed for higher interest rates. Overheating economy don't you know. Oil is heading way up and people are overheating. So the fed is going to give you higher rates to slow you down some more.

Actually I look at it this way. This is also a sign that the fed is under a lot more strain than they want trying to prop up the dollar in todays gold market. It appears that they have decided to give up some ground. This will provide upward pressure for gold prices.