All the things that are happening around the world are fundamentally bullish for Gold even though the price of Gold is not rising to reflect that.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2017 (180)
- ► 2016 (252)
- The U.S. Dollar Is The Mother Of All Bubbles
- An Asset Bubble So Big That The Fed Cannot Raise R...
- Where Is The Economic Recovery? All Indicators Are...
- Another Indication Of Economic Weakness
- Capital One (ONE): Signs Of A Weaker Economy?
- We Have A Bubble Not A Recovery
- Podcast: Gold, Currencies & The U.S. Stock Market
- Podcast: When Will Gold Take Off?
- U.S. Stocks Are Very Expensive
- This Is a Bigger Bubble Than The DotCom Bubble
- Wall Street Thinks There Are No Reasons To Own Gol...
- Why Does China Want To Get The Price Of Gold Down?...
- Video: Gold`s Sudden Drop Explained
- Impossible To Raise Interest Rates Without Hurting...
- Canadian Dollar: Why Is It Falling?
- Interest Rates Going Up Will Result In A Financial...
- Markets: Gold, Interest Rates
- Video: Germany Sends A Message To Other Countries
- China: Their Biggest Problem
- China: Putting The Stock Market Decline Into Persp...
- The Strength In The Euro Will Continue
- Video: Yellen`s Speech & Interest Rates Outlook
- We Will Need Another Injection Of QE To Keep The B...
- Has The U.S. Dollar Peaked?
- Gold: We Are At These Levels Where you Get The Buy...
- The Bullish Case For Gold
- Video: What Happens To The Euro If Greece Leaves
- Greece: There Will Be Austerity Regardless
- Any Idiot Can Redistribute Wealth
- Greece Is Broke, They Are Not Going To Pay The Mon...
- Interest Rates: Damned If They Do, Damned If They ...
- United States: If Interest Rates Go Up...
- Video: Discussing The Greek Collapse
- ▼ July (33)
- ► 2014 (429)