July 29, 2011

Any Dip In Metals Prices From A Settlement Is Likely To Be Very Fleeting - And A Great Opportunity To Build Your Positions Before The Great Ascent Returns

Gold is breaking all-time records so often recently, it's becoming commonplace. This month was no different, with gold breaking the important $1600 barrier - and it's still going. Meanwhile, silver is back above $40 and looks set to continue this momentum. For all those who claimed the big metals correction in May was the end of the bull, allow me to point out that I never once lost sight of the fundamentals and once again they are manifesting themselves.

In this issue, Jeff Clark makes a good case for why gold and silver have plenty of room for further gains this year. And I discuss the big question on everyone's mind: how will this debt ceiling issue affect the price of gold and silver in the months and years ahead?

The good news is that any dip in metals prices from a settlement is likely to be very fleeting - and a great opportunity to build your positions before the Great Ascent returns. - in Schiff`s Gold Newsletter

Related stocks and ETF`s: SPDR Gold Trust (ETF) (NYSE:GLD), Newmont Mining Corporation (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX) , Goldcorp Inc. (USA) (NYSE:GG), Yamana Gold Inc. (USA) (NYSE:AUY), NovaGold Resources Inc. (USA) (AMEX:NG), Ishares Silver ETF (SLV), Hecla Mining (HL), Silver Wheaton (SLW), New Gold (NGD), Kinross Gold (KGC), Coeur d'Alene Mines Corporation (NYSE:CDE)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.