Peter Schiff’s most recent commentary on gold:
"We are at 1290 on the price of gold, so we're right below where I thought the support was at 1300."
"I'm not that worried that we're going all the way back down to 1200."
"I don't think we see a bigger pullback though given the fact that we're not getting a rise in the dollar and oil prices are now comfortably holding above $50 a barrel."
"Strong oil, a weak dollar, to me that means that gold prices are likely heading higher even though we're a little bit below that support, I think that people are gonna buy it, I do think that 1300 is maybe the new 1200 so anything under that I think is going to be looked at as a buying opportunity."
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Barrick Gold (ABX), NovaGold (NG), Newmont Mining (NEM)
- ► 2018 (145)
- U.S. Markets: Who Will Replace The Fed’s Purchasin...
- Trump Tax Plan: Highlights
- Gold: Below 1,300 Will Likely Be A Buying Opportun...
- The Federal Reserve Is In A Box
- Markets: Yellen, US Dollar and Gold
- Bitcoin, Gold and The Madness Of The Crowds
- Toys R Us Bankruptcy: Companies Saddled With Debt ...
- Jamie Dimon (J.P. Morgan): Bitcoin Is A Fraud
- Russia and China Are Buying Gold
- Federal Reserve: A Cosmetic Reduction In Its Balan...
- Eliminating The Debt Ceiling
- Stock Market, Tax Reform
- Gold: Hurricane Related Sell-off Is A Buying Oppor...
- Foreign Stocks Are Outperforming US Stocks
- US Dollar: Worst Year Since 1985?
- The Gold Market Gold Continues to Move Higher
- Gold: $1,300 Is Now Support
- ▼ September (17)
- ► 2016 (252)
- ► 2015 (344)
- ► 2014 (429)