Mar 21, 2014

Gold: Sentiment Still Favors Higher Prices

I still think the sentiment is quite negative on gold. Maybe not as negative as it was but very few people believe in this rally. I hear a lot more people saying that you should short it, if you have profits  you should take them. So I think the sentiment still favors higher gold prices. But the fundamentals have favored higher gold prices all along.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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