April 25, 2014

When This Happens, Gold Will Rally

"I believe the consensus expectation that the U.S. recovery is real and that the Fed will end its quantitative easing program and normalize interest rates is wrong.

Over the past few years the Federal Reserve had become a serial mover of goal posts, delaying the decision to end stimulus more than anyone would have predicted. When the Fed has to admit that its forecast of a sustained recovery is wrong, it will come to the aid of a faltering economy with even more QE. When that happens, gold will rally." - in MarketWatch

Related ETFs: SPDR Gold Trust ETF (GLD)

You can keep reading Peter Schiff`s market updates and commentary on this new website: Schiff On The Markets (click on the link or on the image below to access the new site)

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. Visit the new website Schiff On The Markets for exclusive content.
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