Dark Days Ahead For Gold

Published 12/20/2016, 10:52 AM
Updated 07/09/2023, 06:31 AM

Peter Schiff of Reuters said on Monday that I am “totally wrong” when it comes to my grim view of gold. As almost always seems to be the case, just about the only asset in the red this morning is gold. We got a little two-day respite (Friday, Monday), but it’s back to its old ways.

I have no doubt there will be a bounce at some point -- perhaps even a hearty one -- but the damage is vast. If you look at the gold and silver index I think you’d agree that 2017 is going to plumb much vaster depths (for miners in particular) than precious-metal bulls want to conjure.
Philadelphia Gold/Silver

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