Video: Will Gold Breakout as Stocks Breakdown?

Latest video market update from peter Schiff.

Topics: stock market, gold, gold mining stocks.

Stock Market: A Perfect Storm

The bond market was still lower despite the Federal Reserve optimism that inflation is going to remain in check but this could set the tone for some more weakness in the stock market. We got other problems going on with the Nasdaq and the FANG stocks and Facebook (FB) and all that seems like it could be a perfect storm brewing in an overvalued US stock market.

The Anti-Dollar Trade

I am totally all-in on this anti-dollar trade and and so this type of sentiment by retail investors on top of all of the other economic indicators market indicators that I am seeing simply cements for me how right I ultimately am on this investment strategy.

Related trading instruments: 

• Market Vectors Gold Miners ETF (GDX)
• Market Vectors Junior Gold Miners ETF (GDXJ)
• SPDR Gold Trust ETF (GLD)