The Federal Reserve raised rates but I still believe that the next move is down. Meanwhile, gold now has to reverse the past 3 years of losses because they were based on the fantasy of a legitimacy of a U.S. economic recovery where the Federal Reserve could raise interest rates. I think gold is headed a lot higher in the short term, in the intermediate term and in the long term.
Related: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)
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
-
▼
2016
(252)
-
▼
February
(21)
- Stock Market: What Will Happen Next
- Stock Market: This Is Not A Lasting Bottom
- U.S. Dollar: The Only Reason it Rose And Why Its N...
- Markets: U.S. Stocks, The Economy
- Gold Stocks Making New Highs
- Why Is Goldman Sachs Picking On Gold?
- Gold: A Bull Market Climbing A Wall Of Worry
- Markets: Stocks, Gold & Gold Stocks
- As Long As The Fed Keeps On Bluffing, The Markets ...
- Gold Stocks Still Have Upside
- Gold: Headed Higher Short Term And Long Term
- Gold: "I Am Telling People To Buy Gold To Hold"
- Markets: Sell-Off In European Banks
- Gold: Up $120/ Ounce Since The Fed Raised Interest...
- The Vast Majority Of Nasdaq Stocks Are In Bear Mar...
- Interest Rates: We Are Going Negative
- U.S. Economy: The Only Reason Jobs Are Being Created
- This Recession Will Be Longer & Deeper
- The Reason Why The Stock Market Is Going Down
- National Debt: There Is Going To Be A Crisis Along...
- U.S. Economy: A Cyclical Recession Is Already Unde...
-
▼
February
(21)