Commodities are turning, the U.S. Dollar is turning, gold is turning and this is just going to compound the problem for the Federal Reserve. Because now they are not going to be able to hide behind the fact that there is not enough inflation. We are going to get more inflation but it is going to be stagflation.
(SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Nymex Crude Oil Futures)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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