Schiff believes that gold will surpass $2500 quickly, with central banks as the main buyers, as retail investors, who typically drove gold rallies, are now selling.
The techiest people who built the high tech that both ran and drove the stock market explosively are expressing a “sense of impending doom” over job cuts.
Gold is only days past potentially its most significant breakout in 50 years. Should the breakout hold, we should expect gold stocks to dramatically outperform Gold over the next year or two.
The major gold stocks remain deeply undervalued relative to gold. Their stock prices need to mean revert then overshoot far higher, which will increasingly happen as gold’s upleg continues.
The FOMC is scheduled to deliver its next Policy Statement this coming Wednesday, 20 March at 18:00 GMT. Might the phrase “rate increase” slip out?
If history means anything, it shows periods when people pay enormous premiums for dubiously projected profits often didn’t end well. We are in such a period now.