Mar 24, 2015

A Bullish Case For Gold

Traders are bearish on gold (SPDR Gold Trust ETF : GLD) because they are bullish on the dollar and they believe the Federal Reserve is going to raise rates. When they realize that they are not, and they have to rush to unwind these short trades and get back out of the dollar...if you thought gold went up a lot when the Federal Reserve did QE1 and QE2, wait till you see what is going to happen when they do QE4.

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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