Gold is just below 1200 dollars an ounce. Its really been banging up and down. Every time it gets above 1200 they seem to smash it back down but of course whenever they smash it back down the buyers show up, so they really can`t break the market but there is still an overhead resistance to keep it from exploding.
But I think eventually the buying is going to overtake the selling and we will run out of sellers in the gold market and when it finally goes up, it is going to go up in a rather spectacular way.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 6, 2015
Video: Why Gold Will Go Ballistic
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 4, 2015
Stock Market: A Schizophrenic Type Market
The Dow Jones Industrials which was down about 200 points on Thursday, was up 183 points on Friday. The Nasdaq was down 80-85 points and recouped 64 points, so a real schizophrenic type market. I think the players are still ignoring reality and still clinging to the fantasy of a recovering U.S. Economy.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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