Showing posts with label NovaGold (NG). Show all posts
Showing posts with label NovaGold (NG). Show all posts
Aug 30, 2015
Higher Interest Rates Will Not Hurt Gold
Peter Schiff explains why an interest rate rise by the Federal Reserve will not hurt gold and it may even prove to be very bullish for gold prices going forward.
Tickers: Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), NovaGold (NG), 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.
Jul 23, 2015
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.
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.
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.
Jan 29, 2015
Wall Street Is Bearish On Gold
Topics: Wall Street strategist are mostly bearish on Gold but the precious metal will probably keep on rallying;
Related stocks: Newmont Mining (NEM), Goldcorp (GG), Newmont Mining (NEM), NovaGold (NG)
Related Exchange Traded Funds: 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.
Jan 13, 2015
Chinese Gold Demand Picks Up
Related stocks: Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), NovaGold (NG)
Topics: Gold demand;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jan 12, 2015
Gold Stocks Are Leading The Market
Gold continued to trade very well through out the week. It finished in another positive note, we are above 1220 in dollars.
Gold stocks were extremely strong on the day, on the week, leading the markets thus far in 2015. In fact it is one of the only sectors, maybe the only sector that is actually positive on the year.
Despite the big run up we had on Wednesday and Thursday, we did give back a lot of that on Friday and its still been weak thus far in 2015 for stocks.
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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.
Gold stocks were extremely strong on the day, on the week, leading the markets thus far in 2015. In fact it is one of the only sectors, maybe the only sector that is actually positive on the year.
Despite the big run up we had on Wednesday and Thursday, we did give back a lot of that on Friday and its still been weak thus far in 2015 for stocks.
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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.
Jan 8, 2015
Gold Is In A Bull Market In Just About Every Currency
Related stocks: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG)
Related Exchange Traded Funds: 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.
Dec 10, 2014
This Is Going To Light A Fire Under The Gold Trade
When people figure out that the Federal Reserve is going to print more money than Japan and Europe combined, we are not getting ready to tighten, we are getting ready to launch QE4. That is going to light a fire under the gold trade.
Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)
Related exchange traded funds: 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.
Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)
Related exchange traded funds: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Nov 28, 2014
Intrinsic Value: Gold & Euros
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG);
Related ETFs: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD),
Topics: Gold, Swiss Gold Referendum, Euro Currency;
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 24, 2014
How Much Gold Should You Own?
At a minimum you should have 5 to 10 percent of your portfolio in gold. And you may also increase that, you can have gold stocks, depending on your risk tolerance. Are you looking to preserve wealth? Are you looking to get rich with gold? So different people have different needs.
Related stocks and exchange traded funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), 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 stocks and exchange traded funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), 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.
Nov 21, 2014
Gold Will Rise Faster Than It Fell
I think that when this decline is over, it has been 2 or 3 years since gold hit its high around 1900, I think it is actually going to rise faster than it fell. Normally, markets take the stairs up and the elevator down. I think that gold is going to take a rocket ship back up.
Because I think when ultimately people who have been shorting gold and selling gold realize that they got it wrong and they want to buy it back, it is just not there. I think all the real gold, that was dumped out of the ETF, I think it is sitting in vaults in Russia, in China, and it is not going to see the light of day again.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.
Because I think when ultimately people who have been shorting gold and selling gold realize that they got it wrong and they want to buy it back, it is just not there. I think all the real gold, that was dumped out of the ETF, I think it is sitting in vaults in Russia, in China, and it is not going to see the light of day again.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.
Nov 13, 2014
Abenomics Is Failing, Is Gold Bottoming?
Related trading stocks and exchange traded funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)
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 28, 2014
CNBC Video: "I Am Wrong Less Often Than Every Other Guest That Comes On This Program"
Related stocks and Exchange traded funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)
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 17, 2014
Gold: China Is Quietly Buying
Related Stocks and Exchange Traded Funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.
Oct 7, 2014
Gold & Silver: Opportunity To Buy
These are opportunities. And again, I don`t know when the irrationality is going to stop. I just know that the markets aren`t rational right now and it can stay that way for a while longer. But as long as we are not using leverage, as long as we are buying things we can afford and not overextending ourselves, it does not matter if the market goes against if in the long run we get the direction right.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), 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.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), 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.
Sep 29, 2014
The Fed Can`t Raise Rates
Related trading instruments: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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.
Sep 24, 2014
Gold: A Lot Of Support Around 1,200
I think from a dollar price perspective, there is a lot of support around this 1200 level and even a bit below. So I think there is going to be a lot of buying down here. Usually you get a lot of bearishness when gold gets around the 1200 level.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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 instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.
Sep 23, 2014
Market Outlook: Gold, U.S. Dollar, Interest Rates
Related trading vehicles: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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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