All the things that are happening around the world are fundamentally bullish for Gold even though the price of Gold is not rising to reflect that.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
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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