Bargain hunting in gold has helped propel the yellow metal higher in pre-New York action.
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The yellow metal is down nearly 7% in 2013, but Schiff attributes that to misplaced optimism.
It's no surprise the dollar price of the yellow metal has shot up in recent weeks.
Many miners are also having trouble getting the yellow metal out of the ground.
But you crazy people have turned a nice, shiny yellow metal into an inflation hedge.
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However, sharply higher crude oil prices did limit selling pressure in the precious yellow metal.
While this makes it incredibly difficult to trade the yellow metal, the gold strategist remains bullish.
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Still, the yellow metal remains up about 20% this year and most analysts remain bullish.
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Those who see higher prices said the yellow metal is due for a rebound.
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Strong physical demand for gold supported the price of the yellow metal throughout the week.
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The yellow metal was supported by a weaker U.S. dollar index and higher crude oil prices.
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The next few weeks could see a strong rally move unfold in the yellow metal.
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The precious yellow metal is seeing some selling pressure come from a firmer U.S. dollar index.
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Between the late 1980s and 2000 the yen appreciated more than 50% against the yellow metal.
But the yellow metal will be a hot topic in the next 24 months.
As the tectonic plates of monetary policy shift, the yellow metal is set to continue its climb.
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The gold bulls are disappointed their precious yellow metal did not see good safe-haven demand surface Tuesday.
Barclays Capital noted the rise in speculative gold positions and said they, too, favor the yellow metal.
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It used to be that gold bugs touted the yellow metal's credentials as a hedge against inflation.
With the recent break in prices, the yellow metal is up only about 6% on the year.
Fundamentals for the yellow metal look promising, at least in the first half of the year.
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Gold bulls were disappointed the yellow metal could not rally when the U.S. dollar index backed down Monday.
Since mid-July, the Market Vectors Gold Miners ETF is up more than 26%, outperforming the yellow metal itself.
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If the yellow metal breaks that divide, it should do well in the face of politically-sparked market uncertainty.
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The yellow metal is seeing some fresh technically related buying interest as the near-term chart posture is improving.
With little fresh news to push the market, the yellow metal continues to trade off technical chart signals.
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The near-term technical posture for gold improved Wednesday, which added to trader buying interest in the yellow metal.
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The yellow metal is also the classic safe haven from uncertainty and a highly regarded hedge against inflation.
In a flat operating cost environment, gold producer share prices are driven primarily by the yellow metal's price.
Some tepid short covering and bargain hunting are seen after the shellacking the precious yellow metal received Tuesday.
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