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Peter Schiff warns against early profit-taking in gold and silver
Despite the sharp uptrend, Schiff emphasizes there are no signs of excessive speculation in the market yet. He notes that while indexes like $GDX and $GDXJ have recorded solid gains, various individual mining stocks are experiencing declines as investors take profits. Schiff suggests that it is premature for investors to sell their holdings in mining stocks, advising patience as the market stabilizes. tweet Schiff’s latest commentary on precious metals is consistent with his previous outlook, notably his projection that silver could achieve a significant $50 breakthrough as market dynamics evolve. His earlier ... (full story)