By Tekoa Da Silva
GoldSeek
During a time in which mining companies are truly hated by investors globally, the outspoken market commentator and CEO of Euro Pacific Capital, Peter Schiff, indicates that this is the best time to be launching a mutual fund with exposure to the sector.
Peter discussed this concept in detail, along with general market thoughts, in an interview with Bull Market Thinking’s Tekoa Da Silva. Here is that conversation.
Tekoa Da Silva: Peter, we saw conflicting talk this week from the Fed regarding the tapering of QE but yet the accommodative policy remains the same. Do you feel that Ben Bernanke and the Fed have painted themselves into a corner in terms of the ongoing administration of QE?
Peter Schiff: Well, it’s more than just a corner; they’re between a rock and a hard place. There’s nothing they can do. They’ve checked into the Roach Motel of monetary policies because they can get in but there’s no way to get out.
So what they do is they just bluff. They just pretend there is an exit strategy knowing that exit is impossible. So they just have to maintain the pretense as long as they can before the market figures out the true predicament that they’re in.