Gold Miners, Commodity Stocks: The Beginning Of A New Trend

It was one of the best quarters that I can remember for gold stocks. No one on Wall Street owns gold stocks but people like me own them, my clients own gold stocks. They had a great quarter.

So, if you are investing abroad, if you are investing in resource, if you are investing in gold, you had a phenomenal quarter and in my opinion this is the beginning of a new trend.

(Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Hecla Mining (NL), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), xle, 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.

The U.S. Dollar Bubble Has Burst

The U.S. Dollar bubble has burst and I think this is the biggest dollar bubble I have ever seen. I think there is more air that is going to come out of it. The last U.S. Dollar bubble popped in 2001 and that one had inflated along the dot com bubble. The Dollar Index got to about 120 and by the time it bottomed out in 2008 the Dollar index was almost at 70.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

International Investing Doing Very Well

If you are invested internationally you had a great quarter. This is probably the best quarter since any quarter that I can remember since 2009 to be invested internationally. Because the weakness in the Dollar was a big tailwind. I think emerging markets had their best quarter in 4 years, the stocks were very strong. (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.