Peter Schiff is like all the rest, they are right maybe 25% of the time but that is all they tell you about, is the time they are right.
Schiff has been screaming buy gold since $1600. Schiff has been a bear since DOW 10,000. He's that typical "analyst" that no matter how wrong he is he tries to spin it that he is right or that he "will" be right in the future.
It's easy to non stop be negative and the moment the market goes down say I told you so, yet he is still down 50% from his call.
Yep, DOW is going to break out and make all time highs soon.
Yeah, that works until it doesn't work, just like the idiots that tried that on NUGT at $20 or less and a month later NUGT was over $100.
Smart money shorted this at $10 to $20, morons short it at $3.
That is absolutely terrible advice. People said the same thing on NUGT when it was $18 and it soared to over $120 in a couple months.
Um, yes there is. NUGT did the same thing this year and then went up THREE HUNDRED PERCENT in about a month. I'm not saying that happens here but it happens on ETFs all the time. UWTI did the same thing.