US economist says Wall Street is ‘completely clueless to what’s about to happen’

Finbold

US economist says Wall Street is ‘completely clueless to what’s about to happen’

Despite negative sentiment in gold mining stocks and Wall Street analysts downgrading the shares of the renowned mining firm Newmont (NYSE: NEM) to a ‘hold,’ the NEM stock has soared over 15% in a single day on a positive earnings report, pulling with it the rest of the industry. Specifically, gold bug Peter Schiff has recently commented on the price action of shares of Newmont, the leading gold mining company, upon its better-than-expected earn…