Peter Schiff explains the long term ramifications of the dovish speech by the Federal Reserve Chairman Jerome Powell:
Peter Schiff: The Fed Is Going To Let The Inflation Genie Out Of The Bottle
Aug 27, 2018
Hedge Funds Are Net Short Gold
The catalyst for the rise in gold
and the decline in the US Dollar I believe
was the dovish speech given by Jerome
Powell in Jackson Hole. (...) Remember we've got a lot of people who
are short gold. Now for the first
time since 2001 the hedge funds are net
short gold and I think they can get caught in a losing trade and have to
scramble to buy back the gold that they
sold.
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