Gold Will Get To 1,500 USD Relatively Soon

I think gold will go a lot high. Once we get through 1,300 dollars an ounce, we are knocking on the door, I think we can move up to 1,500 dollars an ounce relatively soon. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX))

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

Markets: In The Short Run Its All About Perception, Than Reality Sets In

In the short run it is all about what people think not about reality. And if everybody is wrong than the markets are going to reflect that and ultimately though reality is going to cause the markets to change, assets will be repriced not based on what people thought it was going to happen but based on what actually happens.

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 Will Accelerate Lower

The markets are starting to validate what I have been saying. The Dollar is just starting to break down, technically it does not have much support here.  I see an acceleration in the weakness of the U.S. Dollar.

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