State of the Gold Market 2015: Exclusive Forecast & Charts - Peter Schiff’s Gold Videocast
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In his first Gold Videocast of 2015, Peter Schiff looks back at gold’s performance on the global markets in 2014 and forecasts where the yellow metal is headed in the new year. Find the full transcript and charts at SchiffGold: http://schiffgold.com/commentaries/gold-videocast-gold-in-2015/ 0:30 – The gold price in US dollars was basically unchanged in 2014, contrary to all bearish predictions. 1:07 – Gold had a huge year in every currency other than the dollar. 1:48 – Gold also beat almost every stock market in the world. 2:17 – Gold and gold mining stocks have risen significantly in the first week of 2015. 3:00 – Gold prices are rising despite the fact the US dollar index is hitting new highs. 3:20 – There have been major breakouts in the euro and Swiss franc gold prices. 4:00 – Gold has returned to a bull market in almost every currency except the US dollar. 4:30 – Oil prices dropped significantly in the past couple months, while gold prices did not. 5:00 – The US economic recovery was built on a foundation of zero-percent interest rates and quantitative easing, which raised asset prices throughout the economy. 5:50 – Oil prices are just the first to fall at the end of QE and a hint of rate hikes. Other markets will follow, and the economy will enter a recession. 6:12 – All the economic data since the third-quarter GDP report have been very weak and below estimates. 6:44 – The US could see a negative GDP in the first quarter of 2015, which would prevent the Fed from raising rates. 7:07 – The euro is now at a 9-year low against the dollar, but Peter believes it is going to rally as it has in the past. 7:57 – The US is more likely to start QE4 than Europe is to start even a limited QE program. 8:40 – Peter has never seen a bigger disconnect in the markets between reality and perception. 9:10 – Investors should prepare for a bigger bubble than even the dot-com or housing bubbles.
Comments
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My #1 Tip for wealth accumulators:
Buy Low, Sell High, Pay Late! ;) -
GOLD is getting slaughtered right now!
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A lot of people are frustrated w silver and a lot of the fear of imminent collapse that drove it up has dissipated so I see it going down to about $10/oz
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I like schiff, but didn't ECB just announced a 1.1 trillion dollar stimulus plan in he middle of January...
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"...as the recovery fantasy fades."
correctamundo -
The BitCoin bubble has burst as well, suckers! XD
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Charles Nenner: New Gold Bull Market Coming Soon.
Charles Nenners Call for Gold to bottom at $1,150 is still standing and today's move in the market could signify the break out phase in the beginning of this new Bull.
http://kirillklip.blogspot.co.uk/2015/01/charles-nenner-new-gold-bull-market.html# -
gold wont fly until more than 50% of investors want gold vs dollar.....this will happen when....the gdp starts to contract from oil
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I will bet anyone that gold will be horrible investment in 2015.
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7:00 Adding fuel to the bull, and other great metaphors by Peter.
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Well, I guess we will know shortly if Peter Schiff is right or wrong .. this time he is giving precise predictions (kinda like the 5000 bux gold last time) ... so QE4 in the US, no rate hikes, and no to very little QE by the ECB ... We will see ...
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Gold had a great year in Swedish krona. Up 19% in 2014
9m 43sLenght
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