Well as I’ve been saying gold is going to go higher as the dollar continues to lose value. That’s what’s happening, I mean look at the dollar even against other fiat currencies today, it’s at a new low against the Yen, a new low against the Swiss Franc, a new low against the New Zealand dollar, almost at a new low against the Australian dollar, a new yearly low against the Canadian dollar, so the dollar is sinking and gold is rising.
Related Tickers: 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.