Thursday, August 25, 2016

Markets: Gold Is Going Up, The U.S. Dollar Is Going Down

Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.

So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Wednesday, August 24, 2016

Markets: Gold, Gold Stocks & Emerging Markets

I think the Federal Reserve is getting ready to cut interest rates again, launch QE4 and the markets are just starting to figure this out, at least figuring out that the Federal Reserve is not going to raise interest rates.

Now the markets are pricing out all the interest rate hikes that were priced in. That is great for gold, for gold stocks, it is great for emerging markets. (SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Market Vectors Gold Miners ETF (GDX), iShares MSCI Emerging Markets Index ETF (EEM))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets: Get Out Of The U.S. Dollar As Quickly As You Can

My advice is, pay attention to what the Federal Reserve has just said, pay attention to what they are about to do and do something about it. That means getting out of the U.S. Dollar and get into gold and silver as quickly as you can.

Because if I am right and this policy does become official Fed policy next year, the U.S. Dollar is about to fall through the floor and gold is about to explode through the roof. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Tuesday, August 23, 2016

The Federal Reserve Wants More Inflation

The Federal Reserve wants more inflation. And what the Federal Reserve is saying is because they do not have room to lower interest rates very much because they are already practically at zero, the way to lower interest rates is to have more inflation so that we have lower real interest rates.

Related stocks and exchange traded funds: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Monday, August 22, 2016

The Federal Reserve Will Go All-In

What the Federal Reserve is about to do will have the effect of basically putting the final nail in the economic coffin of the United States. The Federal Reserve is about to go all in on the failed policies of the past. They have completely misdiagnosed this disease.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Traders Are No Longer Buying What The Federal Reserve Is Selling

Traders are no longer buying what the Federal Reserve is selling. Because even though the Federal Reserve is talking about raising interest rates, the U.S. Dollar went down and Gold went up. People are paying more attention to what the Federal Reserve is actually doing rather than what they they are pretending they are going to do.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Wednesday, August 10, 2016

Bitcoin Is Just Too Volatile To Be Money

Bitcoin is just too volatile to be money. At best it is just an asset, a speculative asset. It does have liquidity similar to money, you can exchange it.

Ultimately though the value of a Bitcoin may prove to be zero because it does not have any value if people do not want to use it as a medium of exchange or store of value because there is no real value there to store.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Monday, August 8, 2016

Good News Is Bad News When It Comes To The Stock Market

Good news is bad news when it comes to the stock market because the only thing propping up the stock market is cheap money and in order to keep the cheap money flowing the economic news has to be bad.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Wednesday, August 3, 2016

The Rallies Will Not Be Sustainable

We can get rallies in the stock market but they are not going to be sustainable because the Federal Reserve is going to have to join this party. The Fed will need to come to the aid of the markets with new stimulus. Just delaying the rate hike is not going to do it. They actually need to deliver more stimulus, the Federal Reserve has to be in the game, the Fed has to join the other central banks in providing fresh stimulus. They have to cut interest rates, they have to go back to Quantitative Easing (QE). And until they acknowledge that the markets are never going to be able to make much.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The U.S. Economy Is Not Getting Better, It Is Getting Worse

The economy is not getting better, it is getting worse. We are in a recession or about to enter one and the economic data continues to prove that. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.