In his latest podcast, Peter Schiff looks at the latest moves in physical gold and gold stocks as a possible indicator that the market may be in the early stages of a bull run. A few weeks prior, Peter pointed out that gold stocks were selling off (down 4%), while the price of gold was rising at 2% - an inverse relationship that may signal a downward move in physical gold.As we saw last week, that prediction came true with a correction in physical gold that sent prices down 3%, or about $40, on Friday. Even though gold was down last week, gold stocks (GDX and GDXJ) were overall positive. Monday also saw a decline in gold with a $9 drop, and GDX stocks fell around 3.4%.The long view of these diverging moves between gold and stocks isn't showing a perfect inverse correlation; however, Peter said he sees the overall trend as indicating that we're near the bottom of the correction, which would mean a good buying opportunity in physical gold.
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Silver Price Equal Off with Notable Support
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BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
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