Peter Schiff’s latest gold letter came out this morning, with an article by Jeff Clark of Casey Research on the booming solar power demand in China and its implications for physical silver. Precious Metals Specialist Dickson Buchanan examines some technical indicators for the health of physical precious metals, while Peter’s commentary takes a look at the recent action in gold futures.
“I’ve been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold’s long-term fundamentals. Unfortunately, there is so much money to be made (and lost) by day trading that my cautions have once again fallen on deaf ears.
Well, it looks like the so-called “technicals” are starting to support my theory, and so this month I’m going to depart from my typical discussion of market fundamentals and take a look at the COMEX gold futures market. It turns out that the same paper markets that helped drive the price of gold down are beginning to run into the hard reality of physical gold demand; their reversal may push gold to new highs.”
Continue Reading Peter Schiff’s Gold Letter
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What Doesn’t Kill Gold Makes It Stronger
Peter Schiff’s latest gold letter came out this morning, with an article by Jeff Clark of Casey Research on the booming solar power demand in China and its implications for physical silver. Precious Metals Specialist Dickson Buchanan examines some technical indicators for the health of physical precious metals, while Peter’s commentary takes a look at the recent action in gold futures.
Continue Reading Peter Schiff’s Gold Letter
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog