May 9, 2014

Concern About A Strong Euro Is Bullish For Gold

Mario Draghi of the ECB is "concerned" about a strong euro because it might lower inflation. This comment is bullish for gold because both the euro and the dollar are losing value.

Related trading instruments: SPDR Gold Trust ETF (GLD), EURUSD;

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Blog Archive