If they do taper, gold will sell off only short term. The taper will rock the markets and last maybe a month if so. They will then see the spike in interest rates and panic and increase QE to 100-125 billion per month sending gold to the moon. Just my prediction
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.
No comments:
Post a Comment