Thursday, May 1, 2014

Schiff: Gold has bottomed most probably

The fundamental case for gold has also never been stronger. From a gold short seller's perspective, this will prove to be the equivalent of a perfect storm. Their losses will be severe.

Any major geopolitical concerns, particularly if there is a deterioration of the situation in Ukraine, will add to gold's appeal. I also expect renewed physical demand from emerging markets like India and China. Most likely prices have bottomed, as too many speculators are looking for lower prices.