Predictions: Peter Schiff and Gary B. Smith

By on July 19, 2008

This morning on the Fox Business News show, “Bulls and Bears,” Peter Schiff predicted oil would resume its bull market shortly after its recent one week $16 record reversal. Schiff recommended Harvest Energy Trust (HTE; 20.15), touting its 18% yield and relative safety. Schiff also felt the stock market would be headed down. Schiff recommended iShares Silver Trust (SLV; 179.68) and stated it could rise 25% before the end of the year.

On the same show, Gary B. Smith predicted a 25% rise by the end of the year in the Financial Select Sector SPDR (XLF; 20.67).

As always, buyer beware.
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