Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Gold Will Breakout as Rate Hike Myth Dies (Video)


 -- Published: Tuesday, 6 October 2015 | Print  | Disqus 

By Peter Schiff

Two persistent myths convince gold bears that the price of gold will remain low – a looming series of interest rate hikes from the Federal Reserve and the fact that gold did not rally during the last round of quantitative easing. Peter Schiff explains why both of these myths are ready to die following Friday’s terrible job report. The silver price surged significantly higher on Friday’s news, and Peter thinks it won’t be long before gold also breaks out of its trading range. Investors are quickly running out of time to take advantage of these low prices.

Stay tuned for a full transcript.

0:04 – Friday’s jobs data was much worse than the consensus forecast.

0:30 – Gold and silver rallied on the news, with silver trading at a 3-month high on Monday morning.

1:15 – Gold will follow silver’s lead and break out to new highs. Bearish speculators have been keeping the price down, because they believe higher interest rates are coming.

2:00 – Even if the Fed raised interest rates, there is no historical evidence that this would be bearish for gold.

3:00 – Janet Yellen’s rate hike pace would be even slower than the pace Alan Greenspan raised rates, which was very bullish for gold.

4:10 – Friday’s economic data will mark the beginning of the wake up call to gold bears that the Fed is not going to raise rates.

4:52 – Even though QE3 was not bullish for gold, QE4 would be a completely different situation.

5:44 – The dollar is not going to have all the support of emerging market economies like it did during previous rounds of QE.

7:03 – Goldman Sachs is now saying the Fed is more likely to raise rates in 2017.

7:28 – There’s a good chance that Q3 GDP could be negative, which means the United States could easily be in a recession by the end of 2015.

8:08 – The Fed has probably made the same mistake it did before the housing crash, overestimating the strength of the economy just as it was about to slip into a recession.

http://schiffgold.com/


| Digg This Article
 -- Published: Tuesday, 6 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.