Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.
So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (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.
- ► 2017 (188)
- Potential For A Big Reversal in Gold Stocks (Marke...
- Markets: The Interest Rate Cycle
- Markets: Yellen On Future Asset Purchases
- The Fed Is Not Really Considering A Rate Hike
- Markets: Gold Is Going Up, The U.S. Dollar Is Goin...
- Markets: Gold, Gold Stocks & Emerging Markets
- Markets: Get Out Of The U.S. Dollar As Quickly As ...
- The Federal Reserve Wants More Inflation
- The Federal Reserve Will Go All-In
- Traders Are No Longer Buying What The Federal Rese...
- Bitcoin Is Just Too Volatile To Be Money
- Good News Is Bad News When It Comes To The Stock M...
- The Rallies Will Not Be Sustainable
- The U.S. Economy Is Not Getting Better, It Is Gett...
- ▼ August (14)
- ► 2015 (344)
- ► 2014 (429)