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May 23, 2013

The Fundamentals Have Never Been Better For Gold

"The fundamentals have never been better for gold. The fact that there’s so much negativity in the mainstream investor community and the media, I think, is an excellent sign. The gold market kind of stagnated after the speculators jumped on board in the last year or two—we haven’t really made new highs. And now that we’ve gotten rid of all that dead weight, the market is clear to make new highs." - in HAI 

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Freeport-McMoRan Copper and Gold Inc. (FCX), SPDR Gold Trust ETF (GLD)

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.
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