A possibility of an interest rate hike? All these guys (Federal Reserve Governors) say is "We do not rule out the possibility. Well, a possibility is not a probability and it is certainly not a certainty. But the market is acting as if the Federal Reserve is about to raise interest rates and that is why everybody is so scared. (SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM))
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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