Peter Schiff : "Gold has been holding steady in the the US$1,600-US$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar. In fact, the first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing (QE3) after the most recent Fed Open Market Committee (FOMC) meeting. Once again, the markets are responding to the headlines while losing sight of the fundamentals." - Peter Schiff wrote in a recent article in in Business intelligence Middle East and in an interview with gold seek radio he said that Gold is most likely to see new highs before the end of this year of 2012
No comments:
Post a Comment