Gold Stocks Are Rallying But The Major Firms Are Not Yet Participating

Gold stocks are going up yet everybody in the mainstream is sitting there doubting it. They are looking in amazement at the rally. This market is moving up and nobody in the mainstream of the investment world is on board. The train has left and there is nobody on it. So eventually they are going to buy at some point like they piled into the gold trade when it was at 1700, 1800, 1900. That is when the big firms started jumping on board just before the market turned. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

The Worst Case For Gold Is Still Bullish

The worst case scenario for Gold is, the Federal Reserve raises interest rates a little bit and that is bullish for gold or they do not raise interest rates at all, and that is even more bullish for gold or they cut interest rates and gold goes ballistic. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

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

Another Bullish Factor For Gold & Silver

I am seeing a lot of mainstream articles now about why you should not jump on this bandwagon, how dangerous the gold market is. And all this stuff really is music to my ears. If you are a bull, this is exactly what you want. You want everybody to be skeptical. You want everybody to doubt. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Hecla Mining (NL), 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.