Crude Oil Is Heading Higher

Crude Oil prices are heading higher says Peter Schiff.

Topics: Crude Oil market, Iran sanctions
Related trading tickers: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO)

The Implications of the US Dollar Weakness

On a recent tweet, Peter Schiff highlights the recent moves in crude oil and gold and the implications of the US Dollar weakness going forward: 

"Gold closed above $1,300 an ounce for the 1st time in 5 years, oil closed above $60 per barrel for the 1st time in 4 years, and the U.S. dollar fell the most in 14 years. Interesting that no one is worried about what this implies for inflation or interest rates in 2018!"

Related: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures

Bull Markets: Foreign Stocks, Commodities

I think that we're early on in the bull markets in some of these foreign stock markets and again as I said, commodities in my opinion are just beginning a new bull market. (iShares MSCI Emerging Markets Index ETF (EEM), United States Oil Fund LP ETF (USO))

U.S. Economy, Crude Oil Prices and Interest Rates

We are dangerously close to an economic recession in America. Gasoline demand is down and the is why oil prices are going lower. The interest rate hike is going to make the problem worse. (Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures)

Oil is Building a Lot of Support Above $50

That trend is going to continue. Oil is building a lot of support above 50 dollars a barrel. We are trading between 52 and 54 but I think we are heading higher in 2017. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE))

Commodity Prices Are Going To Rise

I think that you are going to see a move up in commodities because of increased inflationary pressures brought by central banks all around the world. There will be a lot more inflation and commodity prices are going to rise substantially as paper currencies lose value. (Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Nymex Copper Futures, iShares Silver ETF (SLV))

Crude Oil Prices Close Above 50 Dollars A Barrel

Oil prices closed above 50 dollars a barrel for the first time in a year, since last summer, June or July. This is not good news for the American consumer but its not just gasoline prices that are going higher, a lot of prices are going up.

Related ETFs: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures

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

Crude Oil & Stock Market: Decoupling

The markets are really acting as they are figuring out what is going on. I mean the markets have stagflation written all over them. First of all, oil. Oil had a big up day today, better than 2 dollars a barrel. This is the highest price of the year yet despite this big jump in oil prices the Dow Jones Industrials Index was barely up and the Nasdaq Composite was down. Decoupling. (Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), 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.

Oil Prices Going Up Is Bad For U.S. Stocks And For The Economy

Oil prices going up instead of going down its going to be a negative to the U.S. Economy. I think the idea that what we need is higher oil prices, when it comes to wishing for higher oil price because you think that is good for the economy and for the stock market, be careful about what you wish for.

In fact, at the rate that own our rig count is collapsing all this oil that we are no longer producing has to be imported and the trade deficit going higher is also a negative for the U.S. Economy. (Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM))

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

This Commodity Move Is Real, We Are In A New Bull Market

The commodity currencies that have been rising are going to continue to rise against the U.S. Dollar. You are going to continue to see strength in latin America currencies, you are going to continue to see strength in Asian currencies and this means this commodity move is real, we are in a new bull market. (United States Oil Fund LP ETF (USO), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Energy Select Sector SPDR ETF (XLE), Nymex Copper Futures, Nymex Crude Oil Futures)

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

QE4 Will Push Commodity Prices Up Even Faster

I think we are going to do QE4 before the election and that is really going to push commodity prices up even faster. (United States Oil Fund LP ETF (USO), SPDR Gold Trust ETF (GLD), Nymex Copper Futures)

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

Commodities: The Supply And Demand Dynamics Are Beginning To Shift

As the Dollar comes down, it increases demand for commodities because they are priced in dollars and so when the U.S. Dollar goes down it brings down the price of commodities and demand is very sensitive to price, the lower the price the bigger the demand.

The supply and demand dynamics are beginning to shift and I think we are going to see much much higher prices as the year progresses and in the following several years. (United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

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

Commodities Are Going Higher

It is the Dollar going down and also supply. The price is a function of supply and demand and there is a lot of reduction in exploration and production so that is also causing prices to go higher. But the Dollar has also been weakening, the Dollar is at a 7 month low against the Australian Dollar (AUD). The U.S. Dollar has been weakening considerably in recent months, weeks. (United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

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

Oil Crash May Be A Sign Of Things To Come

Topics: The drop in oil prices may be a sign of things to come;

Related trading instruments: United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures, Energy Select Sector SPDR ETF (XLE)

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

Oil Prices Were Propped Up By The Federal Reserve

Oil prices were propped up by the Federal Reserve, so were home prices, so were stock prices. And if the Federal Reserve is not going to be there anymore, all the prices that were influenced by QE are going to come down. And since the U.S. recovery is a function of inflated asset prices, as the asset prices deflate, then the recession is going to return.

Related trading instruments: Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures;

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

Wall Street Is Not Understanding Why Oil Prices Are Crashing

We are trading just under 50 dollars per barrel. Of course most people are still talking about how great low oil prices are going to be for the U.S. Economy. But again, not understanding why oil prices are coming down.

Sure, lower oil prices will be a consolation prize, it will be a benefit but there are going to be many things that are going to be happening that will more than offset that benefit. Just the way falling oil prices in 2008 were a benefit but they did not stop the stop financial crisis and it did not stop the Great Recession.

Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)

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 Yellen`s Paradox

Topics: Janet Yellen`s view on falling gas and oil prices;

Related trading instruments: United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures

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

Without QE4 Real Estate Will Look Like Oil

Topics: Housing starts, U.S. Economy, QE4;

Related exchange traded funds: iShares Dow Jones US Real Estate (ETF) (IYR), United States Oil Fund LP ETF (USO)

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 Real Reason Why Stocks and Oil Are Falling

Topics: Stock market correction, Oil crash;

Related exchange traded funds: United States Oil Fund LP ETF (USO), SPDR S&P 500 Index ETF (SPY);

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

A Sharp Oil Reversal

I think this oil decline is temporary. It is a market driven phenomenon, it is technical and again it has to do with the anticipation of a tighter Federal Reserve and a strong dollar. The dollar has strengthened but the Federal Reserve has not tightened and I do not believe it is going to tighten because I think the recovery is a mirage.

And as more people figure this out in 2015, and the dollar trade reverses, I think you are going to see a sharp reversal in oil as well.

Related stocks: Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Schlumberger (SLB), Halliburton (HAL), Chevron (CVX), Diamond Offshore Drilling (DO)

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO)

Topics: WTI Crude, U.S. Dollar, technical analysis, market dynamics.

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