Friday, May 24, 2013

The Fundamentals Have Never Been Better For Gold

 "The fundamentals have never been better for gold. The fact that there’s so much negativity in the mainstream investor community and the media, I think, is an excellent sign. The gold market kind of stagnated after the speculators jumped on board in the last year or two—we haven’t really made new highs. And now that we’ve gotten rid of all that dead weight, the market is clear to make new highs." - in HAI 

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Freeport-McMoRan Copper and Gold Inc. (FCX), SPDR Gold Trust ETF (GLD)

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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