If you think the price of gold is expensive now that its above $1,700 wait another week and see how expensive it is. In relation to the amount of money the Federal Reserve has already printed, and the amount it's about to print, gold at today's price is one of the best bargains one can buy.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Showing posts with label Market Vectors Junior Gold Miners ETF (GDXJ). Show all posts
Showing posts with label Market Vectors Junior Gold Miners ETF (GDXJ). Show all posts
Apr 14, 2020
Mar 21, 2020
Gold Will Skyrocket
Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary and fiscal policy mistakes will be. When they figure it out en masse, gold will skyrocket.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Jan 6, 2020
Investors Don't Believe The Gold Rally
As gold nears a 7-year high, gold stocks continue to lag. Investors don't believe the gold rally, as they attribute it to temporary safe-haven buying. But geopolitical risk will remain elevated for years as Fed policy, the main driver of the rally, gets even more reckless.
Related trading instruments:
Newmont Mining (NEM), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD)
Apr 25, 2019
India Is Buying Gold
India has joined countries like Russia and China buying gold in an attempt to diversify reserves away from the US Dollar:
"The Reserve Bank of India has jumped on the gold bandwagon. Since December 2017, the Indian central bank has added 50.4 tons of gold to its reserves.
India bought 8.2 tons of gold in January and February of this year and analysts project that pace to pick up.
India’s gold reserves currently stand at a record high of almost 609 tons, according to data from the IMF."
Related trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Apr 24, 2019
Russia Continues Buying Gold
The Russians bought more gold last month as they continue to try to minimize exposure to the US Dollar.
"The Central Bank of Russia added another 18.7 tons of gold to its stash in March according to a press release last week. This boosts the country’s gold reserves to 2, 167.9 tons or 69,700,000 ounces. Gold now makes up about 18% of the Russian central bank’s reserves."
- in Schiff Gold
- in Schiff Gold
- in Bloomberg
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Apr 6, 2018
Gold: A Tight Trading Range
If you
look at the gold chart the range
is really getting compressed. We're
not breaking out but we're not breaking
down. It's getting narrower and narrower, we're really consolidating.
Related trading instruments:
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
- SPDR Gold Trust ETF (GLD)
Mar 19, 2018
The Anti-Dollar Trade
I am
totally all-in on this
anti-dollar trade and and so this type
of sentiment by retail investors on top
of all of the other economic indicators
market indicators that I am seeing
simply cements for me how right I
ultimately am on this investment
strategy.
Related trading instruments:
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
- SPDR Gold Trust ETF (GLD)
Mar 13, 2018
Bitcoin Is Nothing Like Gold
Bitcoin is
nothing like gold despite the fact that
you have all this terminology that
was deliberately used to make
it sound like gold. You mine
Bitcoin, right? No, there's no mines, there's no pitchforks
there's nobody out there, there's no mine right? But you create
them but they said it's mining and
there's miners to make it sound like gold. They make the Bitcoin
look like gold, it's color it
looks like a coin made of gold. That's done for a reason. To create
the false impression that you're buying
something like gold.
Feb 22, 2018
Gold Needs To Clear Overhead Resistance
We got above $1350 last
week but we couldn't hold it. I think we
really need to go above $1400 to really
clear away this overhead resistance the
only trend that really continued was the
bond market continuing to go down it's
pretty much a daily affair.
Related trading instruments:
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
- iShares Silver ETF (SLV)
- SPDR Gold Trust ETF (GLD)
Feb 15, 2018
Inflation Is Good For Gold
A $12 decline (in gold prices) turned into a $25 rally what is that showing that as the idiot morons
robotic sellers when they see higher
than expected inflation sell the dollar
people who use their brains are starting
to dip to think and actually come into
the market and say wait a minute I don't
care what these algorithms or computer
programs say inflation is good for gold.
Related trading instruments:
Related trading instruments:
- SPDR Gold Trust ETF (GLD)
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
Dec 20, 2017
Gold Will Rally In The New Year
In the last few years you've seen gold sell off at the end of the year and then rally pretty strong in the new year because what happens is towards the end of the year people get very optimistic about the future Oh things are gonna get better growth is gonna pick up the economy is gonna take off and so they get optimistic they buy stocks they buy the dollar a little bit they sell their gold and then the new year comes around and the hoped for rebound doesn't materialize and then they buy the gold back and the dollar sells off and and that's I think where we are.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Dec 5, 2017
Gold: People Don't Trust Fiat Currencies
People don't
trust fiat currencies they don't trust a
dollar euro yen they're looking for an
alternative and believe me the real
alternative is gold and more and more
people are going to embrace it. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
Oct 30, 2017
Real Vision: Discussing Gold and the US Dollar
Peter Schiff on Real Vision discussing the markets in general and gold in particular.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Oct 27, 2017
Tax Cuts: Bullish For Gold, Bearish For The Dollar
If we get these tax cuts the US Dollar is going down, not up and gold is gonna go way up not down! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares Silver ETF (SLV))
Oct 23, 2017
Video: New Fed Chair, Stock Market and Gold
Peter Schiff discusses the gold outlook with RT.com
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Oct 18, 2017
This Is Bullish For Gold
Ultimately if the Federal Reserve has to make a choice between fighting inflation and unemployment because the Federal Reserve believes in the Phillips curve, the trade-off between inflation and employment, the Federal Reserve will always choose to fight unemployment or to prop up the labor market and sacrifice its inflation goal. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
Oct 17, 2017
There's Optimism Everywhere Except Gold
There's optimism everywhere except when it comes to gold and that's the one place where people should be optimistic and it's the one place they're not. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV))
Sep 27, 2017
Gold: Below 1,300 Will Likely Be A Buying Opportunity
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)
"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)
Sep 13, 2017
Gold: Hurricane Related Sell-off Is A Buying Opportunity
The smart money is taking they the other side on this trade. They are buying the gold on this dip buying the gold stocks on this dip. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG))
Sep 7, 2017
The Gold Market Gold Continues to Move Higher
The gold market gold continues to move higher ever since breaking out about $1,300. The price of gold is now above $1340 so we've tacked out another 40 dollars.
I don't think the shorts have covered yet. I think they're still holding and hoping I don't think we've had the long's getting too excited about this breakout above $1,300 it may need $1,400 we need to move up a whole new handle before we really get the big short covering. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
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