It was one of the best quarters that I can remember for gold stocks. No one on Wall Street owns gold stocks but people like me own them, my clients own gold stocks. They had a great quarter.
So, if you are investing abroad, if you are investing in resource, if you are investing in gold, you had a phenomenal quarter and in my opinion this is the beginning of a new trend.
(Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Hecla Mining (NL), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), xle, Market Vectors Gold Miners ETF (GDX))
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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