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Peter Schiff Says Commodities Dip Is a Market ‘Fake’

Aug 26th, 2008 | By Peter D. Schiff | Category: Featured, Financial News, Gold Market

There’s plenty of bullish sentiment around commodities here at Contrarian Profits.

Byron King says gold and oil prices are experiencing a correction, not a trend reversal, and that the long-term prospects for these commodities are bullish.

Euro Pacific Capital president Peter Schiff goes even further. He reckons the outlook for gold and oil has never been brighter. That’s because the current dip in commodity prices - and the dollar rally - is a market ‘fake’ that Wall Street has bought into without a rationale. The fundamentals simply don’t support it…

Tags: commodity etf, Crude Oil Prices, Gold Etf, Gold Prices, investing in gold, Peter D. Schiff, US dolalr
Posted in Featured, Financial News, Gold Market | Comments2008-08-26+14%3A13%3A02Peter+D.+Schiff

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