Gold Fell on War News. Here’s Why That’s Bullish

Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.

Peter Schiff breaks down why gold and silver sold off during the first week of the Iran war — and why he believes the market is getting it wrong. While many investors expected war to send precious metals sharply higher, gold finished the week down and mining stocks were hit even harder. Peter explains why this looks like a classic buy-the-rumor, sell-the-fact reaction, not the end of the bull market.

He argues that the real consequences of war have not yet been fully priced in: higher oil, bigger deficits, more money printing, stickier inflation, a weaker economy, and a weaker dollar over time. Peter also explains why he believes the political fallout could be severe, why Republicans may pay a heavy price in the midterms, and why the long-term winners remain gold, silver, mining stocks, and foreign markets positioned for de-dollarization.

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The above references an opinion and is for information purposes only. It is not intended to be investment advice.