Oh yes It's very likely the Fed will raise interest rates on December 15th when they meet and yes gold will take a tremendous hit on that day. However the economy isn't doing all that great still and we feel gold will not dip below the tentative $1000 mark for long in fact after the smoke clears we expect a slow increase as we head into the new year. Investors are very sensitive global events and tend to have a knee jerk reaction when it comes to gold. I would head on down here To East Main Jewelry and ride this wave before the big fall.