Nov 18, 2014

False Narrative Is Driving The Dollar Higher And Gold Lower

What is driving the narrative of a strong dollar and a bear market in gold is this false belief that because the U.S. Economy is strong, the Federal Reserve is going to tighten. Well, when people recognize, realize that because the U.S. Economy is economy is now weak again, the Federal Reserve is not going to tighten but do more QE, that is going to be very, very bullish for gold and bearish for the Dollar.

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

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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