Friday, March 28, 2014

Gold: Sentiment Still Favors Higher Prices

I still think the sentiment is quite negative on gold. Maybe not as negative as it was but very few people believe in this rally. I hear a lot more people saying that you should short it, if you have profits  you should take them. So I think the sentiment still favors higher gold prices. But the fundamentals have favored higher gold prices all along.

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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