In Normal Market Conditions, Speculators Lessen Volatility

In normal market conditions, speculators lessen volatility because they provide the other side of the trade in many cases to a commercial hedger. But in times of extreme nervousness or panic, it’s the other way because you have a lot of people in a rush to get out of the market at the same time. - in KWN

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.