The one thing that has not declined since the Federal Reserve raised rates is gold. Gold is actually up better than 40 dollars an ounce since that rate hike. And if you remember, everybody was unanimous that if the Fed raised rates gold was going to tank because after all higher interest rates were going to crush the gold market. But I was saying the opposite because I knew that the price of gold had been falling for years in anticipating the raising rates. So, my perspective was, buy the rumor, sell the fact, and I thought the price of gold would go up. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Showing posts with label Goldcorp (GG). Show all posts
Showing posts with label Goldcorp (GG). Show all posts
Jan 8, 2016
Gold Stocks: Wall Street Is Still Oblivious To These Bargains
You would think that gold stocks would be up a lot more considering the fact that the cost for these mining companies are plunging because their labor costs are going down because they are in Canadian Dollars or Australian Dollars, their energy costs are collapsing and the revenue is going up.
But Wall Street is still oblivious to these bargains that exist in the mining sector but of course year-to-date the mining stocks are up and that is the only sector in the market that is up and I tell you that no one on Wall Street owns these stocks.
(Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
But Wall Street is still oblivious to these bargains that exist in the mining sector but of course year-to-date the mining stocks are up and that is the only sector in the market that is up and I tell you that no one on Wall Street owns these stocks.
(Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dec 30, 2015
Markets: QE4 Coming Next Year
I think they will be doing QE4 next year, that is the problem. And not because any of this works (QE), it does not work. But we are trapped in this. The Gold market is going to like it.
(SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Dow Jones Industrial Average ETF (DIA))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
(SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Dow Jones Industrial Average ETF (DIA))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 12, 2015
A Buying Opportunity In Gold & Gold Stocks
These currency speculators really believe the Federal Reserve and they just sold off the price of gold, they brought down the price of gold stocks. That is an opportunity, that is a buying opportunity for the few people that actually recognize what is really going on.
Stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX)
ETF`s: 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.
Stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX)
ETF`s: 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.
Nov 4, 2015
U.S. Stocks Are Very Expensive
U.S. stocks are very expensive right now while gold and gold mining stocks are cheap, says Peter Schiff. (Newmont Mining (NEM), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), Goldcorp (GG))
Oct 23, 2015
Gold Stocks Are At Ridiculous Low Levels
Peter Schiff considers that gold stocks are very cheap and that they are currently trading at ridiculous low levels.
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 21, 2015
The Bullish Case For Gold
The investment thesis that kept investors away from gold are reversing and investors will soon be fearing QE4 and that is very bullish for gold.
Trading: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)
Oct 8, 2015
QE4 Will Be Super Bullish For Gold & Silver
Peter Schiff explains why QE4 will be super bullish for Gold and Silver.
Related trading tickers: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), Hecla Mining (NL), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading tickers: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), Hecla Mining (NL), Goldcorp (GG), NovaGold (NG)
Aug 31, 2015
Wall Street Is Wrong About Gold
Peter Schiff explains why Wall Street is wrong about Gold and why it is about to rally further.
Trading: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 25, 2015
Why Gold Has Not Surged Yet
Peter Schiff explains the reasons why Gold has not surged yet and what the catalysts will be for a big rise in Gold prices.
Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Newmont Mining (NEM), 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.
Aug 20, 2015
Gold: Have We Seen The Low For This Cycle?
There is strong evidence that Gold has made the low for this cycle.
Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 5, 2015
Gold: Speculation & Physical Demand
There is a dichotomy between the speculation in gold and the demand for gold in the physical market.
Trading tickers: 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.
Jul 23, 2015
Podcast: When Will Gold Take Off?
Peter Schiff explains on under which conditions in the future will gold explode higher.
Trading Tickers:
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
U.S. Stocks Are Very Expensive
I do think U.S. stocks are very expensive and in fact it does remind me of the 1990`s bubble. And what is happening right now with gold reminds me of what was happening during the dot com bubble.
Remember we had a vicious bear market in Gold from 1996 to 2000. and it was the opposite of the New Economy. Everybody had faith in Alan Greenspan, the Maestro, they believed in the new era and gold got crushed, gold stock got crushed. The Wall Street Journal came out with an article, or the New York Times, "Who needs gold when you have Alan Greenspan?"
Well, we know how badly it ended. Everybody needed Gold, then Gold was up 650 percent in the next 12 years. So I think people are making the same mistake now.
Trading tickers: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Remember we had a vicious bear market in Gold from 1996 to 2000. and it was the opposite of the New Economy. Everybody had faith in Alan Greenspan, the Maestro, they believed in the new era and gold got crushed, gold stock got crushed. The Wall Street Journal came out with an article, or the New York Times, "Who needs gold when you have Alan Greenspan?"
Well, we know how badly it ended. Everybody needed Gold, then Gold was up 650 percent in the next 12 years. So I think people are making the same mistake now.
Trading tickers: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 22, 2015
Wall Street Thinks There Are No Reasons To Own Gold
Wall Street thinks there are no reasons to own Gold. They are wrong.
Trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Why Does China Want To Get The Price Of Gold Down?
Why does China want to get the price of Gold down? Because they want to buy more!
Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 8, 2015
The Bullish Case For Gold
All the things that are happening around the world are fundamentally bullish for Gold even though the price of Gold is not rising to reflect that.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 11, 2015
Gold Market Outlook
Related trading instruments: SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Feb 23, 2015
Gold: Chinese Consumption Is Bullish
Topics: High Chinese gold consumption is very bullish for gold prices;
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Feb 16, 2015
India Can Rally The Gold Market
Topics: If India lowers its gold tax, it may cause a big rally in gold prices;
Related stocks: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG)
Related ETFs: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
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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