Sunday, September 22, 2013

OIL looks very good to me , I have a lot of Oil Investments We’ve talked a lot about gold, but what about other commodities that are important to you as hedges against this inflation scenario you foresee? 

Peter Schiff : Commodity prices are going to go up, oil in particular. I have a lot of oil investments in the United States and around the world. Oil looks very good to me; technically, too. Now we’re around $110 a barrel, and I think we’re headed up to $115 or $125 or so before the end of the year. And then, next year, we have a shot at trying to take out the $150 high from 2008. - in IndexUniverse

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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