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Old 04-18-2012, 02:43 AM
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Default Peter Schiff - Gold Bears to Get Pummeled, No Crash in Stocks

the gold bears are going to get pummeled, and he also said the bias in stocks will continue higher, despite pullbacks. Here is what Schiff had to say: “You are getting a lot of chop in the market. There is conflicting information coming out regarding the economy and Europe, and the moves are news driven. I think the market is going to continue to have an upward bias, but you are going to have plenty of corrections.”

“I don’t know if this correction is over with. I don’t know that this 200 point rally is sustainable. We might selloff, but I’m not looking for the market to crash. If you are buying puts on the market and waiting for it to crash, you are probably going to lose money. You are more likely to see a crash in the dollar, and ultimately a crash in the bond market.

But, again, it’s very difficult to try to time the crash in the dollar and the bond market. It’s coming, but I think we will see dollar weakness before we see bond weakness. The Federal Reserve has the ability to postpone the weakness in the bond market by printing up more dollars to buy those bonds.

But the Fed can’t offset the weakness in the foreign exchange market, unless it gets massive help from foreign central banks. I’m not sure that help is coming. Europe has its own problems. China and Japan are dealing with their own problems.

For them to try to simultaneously bail us out, by printing enough of their own currency in an attempt to stop the dollar from tanking, I don’t think that’s going to happen....

“The bottom line here is gold is headed much higher and the next big move in gold will be up. People who speculate are betting on a huge drop in gold. That’s what the gold stocks are forecasting. They are forecasting a precipitous decline.
...
The gold bears don’t understand the fundamentals.
...
The gold bears, they actually think the US economy is sustainable.
...
The gold bears think that gold was only going up because of fear or Armageddon, and now they think it has been averted. Now they think gold is going to crash. They just don’t understand the gold market or what’s driving it. I like the fact that so many people are on the wrong side of the trade. The bears will continue to get pummeled.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/17_Peter_Schiff_-_Gold_Bears_to_Get_Pummeled,_No_Crash_in_Stocks.ht ml
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Old 04-18-2012, 04:55 AM
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Thumbs up Peter Schiff

Thanks for sharing HP.



I posted this video last month (So did a few other people).

It explains in detail what Peter believes.
For those who would like a few more opinions, perhaps watch this video "twice".

H

http://www.youtube.com/watch?v=Vcd5I...eature=related

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Old 04-18-2012, 07:44 AM
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Thank you HP and Holdfast I always enjoy reading or listening to Peter Schiff...
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Old 04-18-2012, 07:54 AM
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Pumping hot QE cash into the equities......the flux capacitor is......umm......fluxing nicely.
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Old 04-18-2012, 08:13 AM
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Quote:
Originally Posted by GetZeeGold View Post
Pumping hot QE cash into the equities......the flux capacitor is......umm......fluxing nicely.


QE2 Ended on June 30th, 2011. The printing presses have stopped.
Gonna be hard for Gold to move any higher without new dollars flowing
into the economy.
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Old 04-18-2012, 08:18 AM
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A Phoney recovery; I like that! Am going to use it more often
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Old 04-18-2012, 08:25 AM
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Quote:
Originally Posted by AlbyVA View Post
QE2 Ended on June 30th, 2011. The printing presses have stopped.


Sure they have.....because our debt just went to zero.
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Old 04-18-2012, 08:33 AM
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"QE has Stopped, Gold to Drop"



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Old 04-18-2012, 08:35 AM
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Quote:
Originally Posted by GetZeeGold View Post
Sure they have.....because our debt just went to zero.


Granted, the Fed is putting the money it receives in interest payments on
the debt it holds back into the market. But that isn't increasing the money
supply.

And if, by chance the economy comes roaring back to life, the Fed will start
selling US Treasuries and extracting $$$ money from the economy. Making it
even harder for Gold to move higher.

In short, the promise of $5000/oz Gold and other such fairy tales will prove
to be a farce. Woe to the sucker who is loading up on Gold and expecting
some massive upward price movement.
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  #10  
Old 04-18-2012, 08:47 AM
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Quote:
Originally Posted by AlbyVA View Post
Woe to the sucker


I'm a sucker he's a sucker.........don't throw me in that briarpatch sucka.


So.....where are we going to get the trillions we're going to need to service the debt in the upcoming months and years?


Make sure you throw some banker speak into it so I understand it.
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