Gold futures spiked higher last week after consolidating for six weeks. Some of the move was fueled by a weaker U.S. Dollar and a steep drop in global equity markets, but most of the rally was fueled by China allowing the yuan to dip below 7 yuan per dollar and a plunge in global bond yields that raised concerns over a worldwide recession. For the week, December Comex gold settled at $1508.50, up $51.00 or +3.50%. Some people like to call it safe-haven buying, but I prefer to trade gold using its relationship with interest rates as my guide. Who knows what safe-haven buying even means. I just know that when rates go ... (full story)