The Fed will Never, Ever, Never, Ever, Never raise interset rates voluntarily or the entire economyy goes straight into the tank (riots in the streets bad). Higher interest rates are going to be shoved down the Feds (and ours) throat by the Bond Market.....
Beaver, it's all about Bernanke's legacy and nothing more. That is why Bernanke will taper this fall. If he doesn't, the upcoming crash will be his to wear. If he tapers, the market will still fall but interet rates will also fall too as money moves out of stocks and into bonds. Wall street will then scream so the next fed chair will have to reverse Bernanke's taper call. QE to infinity. Short term, gold and gold stocks may take a hit but the longer term is nothing but positive for this sector. At least that is what I see happening. Any other thoughts?