Sunday, June 30, 2013

Peter Schiff : There is a lot of GOLD Buying coming

Peter Schiff : "There's a lot of gold buying coming. I think this decline has brought the pessimism and the fear back into the gold market. There were too many professional investors who were on board, in fact a year, a year and half ago, it was 90% bullish on gold, now it's like
1% bullish. It's never been this low. The sentiment has completely turned at a time when fundamentals have never been better for gold. They've never aligned better than right now and everybody is basically talking about its demise. …I think it's on the verge of its biggest rally ever, but I can't tell you when it's going to start." - in Yahoo Finance

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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