Apr 23, 2016

Gold Stocks Are Rallying But The Major Firms Are Not Yet Participating

Gold stocks are going up yet everybody in the mainstream is sitting there doubting it. They are looking in amazement at the rally. This market is moving up and nobody in the mainstream of the investment world is on board. The train has left and there is nobody on it. So eventually they are going to buy at some point like they piled into the gold trade when it was at 1700, 1800, 1900. That is when the big firms started jumping on board just before the market turned. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG))

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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