FED has created expectation of rate rise, but at the moment they...

FED has created expectation of rate rise, but at the moment they are only talking about tapering. And tapering is not guaranteed to complete before the market jitters that creates forces them to stop tapering. Market is pricing full tapering and one or two rate rises into the Gold price, but when the FED chickens out Gold is going to catch a bid. Why would you buy 10 year Bond with 1.5% yield when inflation running at 5.5%? You are guaranteed to lose a third of your purchasing power after 10 years (0.96^10=0.66.) Gold only has to maintain its purchasing power to be a better investment, if it's currently at fair value, which it isn't. Just got to be patient enough to wait until the penny drops. In the mean time companies like WAF are generating great cash flow. I've doubled down on this stock and a few other Gold miners recently. Focusing on quality, not cheapness.