Friday, February 22, 2013

Gold Pullback Explained

  We would like to share another view on the Gold market and ongoing Currency Wars, this time it is Peter Schiff.

CITI: Gold Has Fallen To A Pivot Point, Minimum Price Target Now $2,055

"We are in transition stage now from Gold as Insurance Play to the Inflation Play. The real driver for the Gold price is increasing monetary base, debasing of the currencies and negative Real rates. Our best gains in Gold and, particularly, Gold Equities we had after 2002, when economy was "recovering" and FED was solidly behind the interest Curve."

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