Nov 16, 2014

Signs Of Gold Making A Significant Bottom

There really is no one in the mainstream of investing who looks at a potential bottom in gold, a significant bottom. Not just a tradable bottom where you get a bounce and then you can get out and get back short. But no one is looking for a  significant low from which another bull market can be launched. So, to me that is a good sign that it is in fact what we are doing. Of course, fundamentally, it all makes sense because over the next few months is when the bloom is coming off the U.S. recovery rose.

Related stocks and exchange traded funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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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