iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[DownWithPumpers]

Everyone says that when rates go up that the stock market rally will end. They also claim that rising rates are bad for precious metals.

But from June 2004 to June 2006 metal prices and the stock market went straight up. The Federal Funds rate went up by 3 full points:

http://www.newyorkfed.org/markets/statistics/dlyrates/fedrate.html

Rates aren't going to reach 1% for 15 more months.

Right now everything is fear of the future based.

A price of about 99 in March 2016 equals a 1% rate.

http://www.cmegroup.com/trading/interest-rates/stir/30-day-federal-fund.html