Apr 12, 2016

Gold Stocks: A Big Rally Again

We had a huge up day in gold stocks. Actually between Friday and Monday, I think this was the biggest back to back gain in gold stocks all year. The catalyst for this was the downgrade in the first quarter GDP estimates from the Atlanta Fed all the way down to just 0.1 percent. (Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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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