At the end of last year, everybody with an hedge fund was long the U.S. Dollar and short the Euro, short the Yen, short the Australian Dollar, short the Canadian Dollar, you name it. Some of these guys were short the Chinese Yuan. The Yuan had a pretty good quarter too, the strongest quarter in 2 years. So everybody who was long the U.S. Dollar and short another currency got killed in the first quarter. The on ly people that lost more money than the people shorting the U.S. Dollar were the people who were shorting gold! (SPDR Gold Trust ETF (GLD), 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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2016
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April
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- The Bond Market Is Smelling Inflation
- Gold & Silver: Poised For Another Big Move Up
- Crude Oil & Stock Market: Decoupling
- The Stock Market Is Going Down In Real Terms
- The Stock Market Is Not Going Up As Fast As Gold
- America: A Coming Bankruptcy
- Gold Stocks Are Rallying But The Major Firms Are N...
- The Worst Case For Gold Is Still Bullish
- Another Bullish Factor For Gold & Silver
- Gold, Mining Stocks Ready For Another Leg Higher
- Silver & Gold: I Still Like Both Metals
- Recent Economic Data Points To A Recession
- Silver Typically Does Even Better Than Gold In Bul...
- The Stock Market Is Caught Between Opposing Forces
- The Stock Market Is Still In Denial
- Oil Prices Going Up Is Bad For U.S. Stocks And For...
- The U.S. Economic Weakness That Nobody Wants To Ac...
- Gold Stocks: A Big Rally Again
- Stock Market: The Rally is Over
- This Economy Would Have To Improve Dramatically To...
- U.S. Recession: Trump Predicts A Very Massive Rece...
- Gold Miners, Commodity Stocks: The Beginning Of A ...
- The U.S. Dollar Bubble Has Burst
- International Investing Doing Very Well
- Gold: Best Quarter In Over 30 Year!
- The Pain Trade
- Markets: Not Investing In U.S. Stocks
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