Peter Schiff: U.S. Rally Is Doomed, Gold Will Hit $5000

Quote from Pekelo:

Hell, trading is risky. Shorting in a bearmarket is LESS risky than going long... :)
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IS that right, stealth vendor??? Gathering the flock for fleecing I see. A know it all who knows nothing.

sleepy
 
Eventually he may be proven right yet again, but in between his being right, there will be opportunities to make money with the market rather than against it.

I have been a longer-term gold bull myself, but the latest COT data does not bode well for gold prices going forward. A big correction in Gold may be in the cards before we see $5000.

Floyd
 
Quote from TraderZones:

If I had a nickel for every time gold was going to double-triple in price...
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I remember trading gold at $265 about 10 years ago...not a bad return.
Missed the move picking up your nickels?
 
Quote from Devin Brady:

I remember trading gold at $265 about 10 years ago...not a bad return.
Missed the move picking up your nickels?
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That is a horrible return. I can name 10 other issues that got 5-fold or higher returns in a shorter timeframe over the past 10 years.
 
Quote from krazykarl:

That is a horrible return. I can name 10 other issues that got 5-fold or higher returns in a shorter timeframe over the past 10 years.
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Yes indeed.

AIG

Fanny and Freddy

C

...
 
Quote from krazykarl:

That is a horrible return. I can name 10 other issues that got 5-fold or higher returns in a shorter timeframe over the past 10 years.
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And I can name 2000 others that didn't---what a terrible argument.
 
Quote from Devin Brady:

I remember trading gold at $265 about 10 years ago...not a bad return.
Missed the move picking up your nickels?
More...

can you also remember that gold has been a terrible longterm investment??? It reached $800 decades ago.
 
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