Oil: Where Is The Global Demand?

I think the bigger problem is, where is the global demand? I think if the demand is contracting, it is because economies are slowing down. And I think this is going to include the United States.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), 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.

Oil: The First Of Many Bubbles To Pop?

Most of the good jobs that have been created over the past few years were created in that sector. And now these jobs are at risk. And I think this is somewhere between the dot com bubble  and the housing bubble. I think it is bigger than dot com, smaller than housing. But again there were also positive effects of falling home prices because it made cheaper for people to buy houses. But there was a lot of debt that was accumulated and a lot of layoffs in the sector, so we are looking at the same  possibilities in the oil sector burt here is a bigger equation. If it turns out that oil was just a bubble created by cheap money, well what about the stock market? What about the housing market? What about the bond market? What if they are all bubbles? What if the oil bubble is just the first of many that are going to pop?

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Dow Jones US Real Estate (ETF) (IYR)

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

Lower Oil Prices Will Push The U.S. Economy Into Recession

Long term of course, it is always a good thing. Contrary to what Central Bankers and the economist are telling us, it is always a good thing when consumer prices fall. Even Janet Yellen acknowledged the benefits of lower gas prices. Well, the same thing applies to all prices.

But here is the problem. If it turns out that we had a bubble in the energy sector, if the Federal Reserve really does raise interest rates, and I don`t really think they are going to, but if they do and the oil prices stays at these prices or goes lower, all of the activity in the oil sector for the last past several years turns out to have been a bubble and the layoffs that we are going to get in the short run and the credit losses and the Capex spending declines will be significant enough in the short run to push the U.S. Economy back into recession. I think it is a bigger impact than the bursting of the dot com bubble.

Related stocks: Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhillips (COP), Chevron (CVX), Halliburton (HAL), Schlumberger (SLB)

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), 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.

A Lot Of Disconnect In The Markets

There is a lot of disconnect right now in the markets. I think there is too much confidence in the legitimacy of the U.S. recovery, they are expressing that by bidding the U.S. dollar higher.

Related trading instruments: Euro Currency Futures, EURUSD forex cross;

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

U.S. Economy Is In Rapid Deceleration

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), 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.

What Falling Oil Prices May Be Signaling

Topics: Falling oil prices may mean that the world economy is about to go into recession;

Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), United States Oil Fund LP ETF (USO)

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

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 Longer The Federal Reserve Waits To Raise Rates The More Painful It Will Be

If the Federal Reserve wanted to raise interest rates they would have already done it. Rates have been at zero for about 6 years. Why has the Federal Reserve not raised rates?

The reason Janet Yellen is not raising rates right now is because she does not want to. Because she is afraid of the effect it might have on the economy, on the markets. How is that effect going to be any different if she waits until April or June? It`s not.

In fact, if she is afraid to raise interest rates now, she should be even more afraid to do it in April or June because it will be a bigger bubble by then. The longer the Federal Reserve waits to raise rates the more painful it will be when she does.

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.

Bitcoin & The Russian Crisis

Topics: Russian ruble crisis, Bitcoin, digital currencies;

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.

Russia: Central Bank Raises Rates To 17%!

Related exchange traded funds: Market Vector Russia ETF Trust (RSX), iShares MSCI Emerging Markets Index ETF (EEM);

Topics: Ruble crisis, Crude Oil downtrend;

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

U.S. Economy: More Evidence Of Economic Contraction

Topics: U.S. Economy, Empire State Manufacturing Index (December)

Related exchange traded funds:  Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Stock Market: Technicals Look Pretty Weak

The technicals in these markets look pretty weak. Remember we rallied very far, very quickly and now we are in a kind of no man`s land. If you look at some of these charts there is a lot of air beneath the market before you get some real technical support. So certainly there is the potential for another big decline in the markets.

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.

Stock Market: A Change In Trend?

Earlier in the week I made a podcast and I was wondering wether or not the volatility that we were seeing in the markets may have been portending a change in trend and it looks right now that certainly could be the case.

The Dow Jones Industrials Index finished down 315 points on Friday to cap the worst week for the Dow in over 3 years.

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), 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.

2014: Gold vs. World Stock Markets

Topics: Stock market performance in 2014 compared to gold;

Related exchange traded funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares MSCI Thailand Market Index Fund (THD), WisdomTree India Earnings Fund ETF (EPI), Ishares MSCI Turkey Market Index Fund (TUR), Market Vectors Vietnam ETF (VNM)

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

Retail Sales: The Economy Is Not Driven By Spending

The economy is not driven by spending, its driven by savings and production, which we do not have. But you can keep the bubble going with the spending and people do not really make a distinction between a bubble economy and a genuine economy. Just as long as the bubble can keep inflating, that is all everybody really cares about. And the evidence of that is the fact that they are still spending.

Related stocks: Ford (F), General Motors (GM), Tesla (TSLA)

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.

Stock Market: No Sure Bets

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), 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.

This Is Going To Light A Fire Under The Gold Trade

When people figure out that the Federal Reserve is going to print more money than Japan and Europe combined, we are not getting ready to tighten, we are getting ready to launch QE4. That is going to light a fire under the gold trade.

Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)

Related exchange traded funds: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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

If The Fed Raises Rates, All Job Creation Will Disappear

The Federal Reserve has been in a box for a long time. The jobs report is not putting it in that box. If the Federal Reserve were to raise rates, all the jobs would disappear because the recovery in only here as long as the Federal Reserve is propping it up. We got 4 economic reports that came out, the jobs report was only one. All the other 3 were bad. The Trade Deficit, the Factory Orders and the Consumer Credit. All came out much worse than expected. Most of the economic data that has been coming out has been bad.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Central Banks Are Playing With Fire

Topics: Central banking intervention, monetary policy, consumer prices;

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

U.S. Trade Deficit In Manufacturing Goods Hits Record High

Topics: China`s trade surplus, U.S. record trade deficit;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA),

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

U.S. Economy: Trade Deficit & Job Creation

If we were creating productive jobs our trade deficit would be going down but because we are not creating those type of jobs we have to import what our people are not making even if they are working, they are working in goods producing areas, which is where they need to be.

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

Is Germany Opposing An European QE?

Germany is not just one country. Germany has a lot of weight. And my guess is if the Bundesbank does not want QE, it is not going to happen. It is not like it is going to happen over their objection.

So they are going to have to convince the Germans that QE is necessary and that QE is helpful. And I think that is going to be a very difficult hurdle to overcome.

Related indexes: Dax 30 Index, Eurostoxx 50 Index;

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

Europe: QE or No QE?

The disappointment was that Draghi was not more forthright with, "Yes, we are doing QE for sure, and here is when it is going to start, and these are the particular sovereign bonds we are going to buy." He was still being evasive, he was still saying, "Well, if the circumstances are right, if we feel it is necessary, then maybe we will do it. There`s no guarantees."

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

ECB: Considering Buying Everything Except Gold

Topics: European Central Bank (ECB) asset buying program, gold;

Related trading instruments: SPDR Gold Trust ETF (GLD), Gold 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.

Falling Oil Prices Are Good For The European Economy

Falling oil prices are a good thing. They are good for the European economy. The only problem is that the low prices are not going to last, I think it is temporary. But the idea that Europe needs inflation is a complete and utter nonsense. Economies benefit from falling prices. Imagine if crude oil was free, if Europeans could have all the oil they wanted and did not cost anything. Wouldn't that be fantastic?

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

Related stocks: ConocoPhipllips (COP), Exxon Mobil (XOM), Marathon Oil (MRO), Schlumberger (SLB), Halliburton (HAL)

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

Video: Falling Prices Would Help The Economy

Topics: Central Banking interventions to prevent deflation, Inflation defined as expansion of the money supply;

Related exchange traded funds: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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

National Debt Tops 18 Trillion Dollars

Topics: National Debt, U.S. 10-Year Treasuries, U.S. Economy;

Related Exchange Traded Funds: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT)

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

Expecting A Weak Holiday Season

Everybody has been talking about how this is going to be a great Christmas shopping season because the recovery is finally here, well, I have been saying for months that I expect a weak holiday season and for now it appears that my hunch is going to prove correct. Because the figures are out for the 4-day holiday weekend. This is traditionally the Thanksgiving weekend that kicks off the Christmas season.

This holiday weekend shoppers had more hours in which to shop than in prior holiday weekends because of the hours that the stores were open on Thanksgiving day. Yet, despite that and despite the big drop in gas prices, instead it was a disaster. Traffic at the malls or at the stores was down over 5 percent. So, 5 percent fewer people showed up to shop over the 4-day weekend. But even worse, the shoppers that showed up did not shop as much because they spent 11 percent less than they spent in 2013.

Related stocks: Apple (AAPL), GoPro (GPRO), J C Penney (JCP), Sears (SHLD), Target (TGT), Macy`s (M)

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

U.S. Economy: Could Be The Worst Shopping Season In Memory

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)

Related stocks: Apple (AAPL), Wal-Mart (WMT), Macy`s (M), J.C. Penney (JCP)

Topics: Holiday season, U.S. Economy;

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 Collapsing Like In 2009

I think the U.S. Economy is far weaker than the general consensus. I think we are headed into recession too, and that is why you see oil prices collapsing the way they did back in 2009.

But another factor that is exerting more downside pressure on oil is the widespread belief that the Federal Reserve is going to be tightening monetary policy which would even exacerbate the problem in the global economy, and of course the rising dollar that is resulting from the anticipation of higher interest rates, is also forcing oil prices lower.

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

Gold: Russia Will Get A Good Buy

Topics: Gold market outlook, Swiss Gold Referendum, geopolitics of gold;

Related Exchange Traded Funds: Market Vector Russia ETF (RSX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Related stocks: Goldcorp (GG), 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.

Intrinsic Value: Gold & Euros

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG);

Related ETFs: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD),

Topics: Gold, Swiss Gold Referendum, Euro Currency;

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 Weakness In Crude Oil Is Temporary

I think the weakness in oil is temporary because it is based on, (A) on the global slowdown but (B) on the strength of the dollar which is predicated on the false belief that we have a legitimate U.S. recovery and as such the Federal Reserve can stop doing QE and raise rates, needer of these assumptions is true.

Related trading instruments: United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), ConocoPhillips (COP), Exxon Mobil (XOM), Marathon Oil (MRO), Nymex Crude Oil Futures, Halliburton (HAL), Schlumberger (SLB);

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 Deluge Of Bad Economic Data

I still anticipate that the fourth quarter is going to be significantly below not only the third quarter, but below the expectations. Not only has all the economic data or almost all of it been weak, look at the data we got this week. It is like a deluge of bad economic data.

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

Putin May Have Bigger Plans For Russia`s Gold

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Gold Futures;

Topics: Vladimir Putin, Russian gold reserves, gold;

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 Federal Reserve Is Concerned That There Isn`t Enough Inflation

They are concerned about the low level of inflation. And I believe they are laying the foundation for either the delay in rate hikes the launching of QE4, which I think it`s inevitable anyway. But I do believe the pretext for QE4 is going to be that there is not enough inflation.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), 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.

How Much Gold Should You Own?

At a minimum you should have 5 to 10 percent of your portfolio in gold. And you may also increase that, you can have gold stocks, depending on your risk tolerance. Are you looking to preserve wealth? Are you looking to get rich with gold? So different people have different needs.

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

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

Federal Reserve: They Are Not Going To Raise Rates At All

They are not going to raise rates at all. They are going to do more QE.

They are going to finally raise rates but not because they want to, but because the market gives them no choice, because the dollar is in free fall and inflation is accelerating and the Fed is back into the wall and they have no choice but to raise interest rates and bring about a financial crisis of an order of magnitude greater than 2008.

Related: SPDR Gold Trust ETF (GLD), 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.

QE: Once You Start, You Cannot Stop

They never should have started it. Once you start, you cannot end it unless you are willing to face the consequences. And the consequences are QE exacerbated all the problems that the Federal Reserve was supposedly trying to solve. So, the minute you stop QE, you have to prepare for the consequences.

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)

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

When Yellen Joins The Party, Gold Will Skyrocket

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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

Gold Will Rise Faster Than It Fell

I think that when this decline is over, it has been 2 or 3 years since gold hit its high around 1900, I think it is actually going to rise faster than it fell. Normally, markets take the stairs up and the elevator down. I think that gold is going to take a rocket ship back up.

Because I think when ultimately people who have been shorting gold and selling gold realize that they got it wrong and they want to buy it back, it is just not there. I think all the real gold, that was dumped out of the ETF, I think it is sitting in vaults in Russia, in China, and it is not going to see the light of day again.

Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.

Gold Outlook: ECB Purchases, Russia Buying & U.S. Recession

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

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

Federal Reserve: The Only Problem They Can Solve

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.

A Game Changer In The Oil Market

Everybody is looking for rate hikes and they not going to get them. So this will be a game changer in the oil market.

Related trading instruments: Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil Futures, Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhipllips (COP)

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 Reason Oil Prices Are Under Pressure

The only reason that oil prices are under pressure is because the dollar is strengthening based on the idea that the entire world is a disaster, except the United States. And so, the world is going into a recession, everybody is taking refuge in the U.S. Dollar and that is suppressing the price of oil.

I think when people come to the conclusion and again they will come to it, I believe, sometime next year, that we are not only going to be the only country not printing money.  We are going to be printing money, more than all the other the other countries combined.

Related trading: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), EURUSD forex cross, Euro Currency Futures, 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.

China Is Not Fighting The Currency War

Interestingly too, the Chinese Yuan hit a 8 month high. So even as the Yen is falling and other currencies like the Euro galling, the Yuan is rising. It is positive on the year by about one to two percent against the U.S. Dollar, which means the Chinese currency is really strong against the Yen or the Euro, because the Dollar as been strong against those currencies, yet it is still dropping against the Chinese currency.

I think the Chinese are discovering that a currency war is not a war that you want to win. And clearly the Chinese are not fighting that. Their currency is rising against other currencies.

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

False Narrative Is Driving The Dollar Higher And Gold Lower

What is driving the narrative of a strong dollar and a bear market in gold is this false belief that because the U.S. Economy is strong, the Federal Reserve is going to tighten. Well, when people recognize, realize that because the U.S. Economy is economy is now weak again, the Federal Reserve is not going to tighten but do more QE, that is going to be very, very bullish for gold and bearish for the Dollar.

Related trading instruments: SPDR Gold Trust ETF (GLD), EURUSD forex cross, USDJPY forex cross;

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

Japan Is Back In Recession

Related trading instruments: Nikkei 225 Index, USDJPY forex cross;

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

Time To Start Your Own Gold Standard

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

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

Signs Of Gold Making A Significant Bottom

There really is no one in the mainstream of investing who looks at a potential bottom in gold, a significant bottom. Not just a tradable bottom where you get a bounce and then you can get out and get back short. But no one is looking for a  significant low from which another bull market can be launched. So, to me that is a good sign that it is in fact what we are doing. Of course, fundamentally, it all makes sense because over the next few months is when the bloom is coming off the U.S. recovery rose.

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

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

Rising Prices Do Not Stimulate Consumption

Only a central banker and maybe a Wall Street analyst could somehow come with with this ridiculous theory that it is rising prices that stimulate consumption and falling prices somehow stimulate depression. None of that is true and the Japanese are finding this out the hard way.

Related trading instruments: Yen, USDJPY forex cross, Nikkei 225 Index;

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

Few Believe That The Bull Market Is In Danger

Related stocks and Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Amazon (AMZN)

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

Abenomics Is Failing, Is Gold Bottoming?

Related trading stocks and exchange traded funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.

Stocks Lived By QE. Will They Die Without It?

Related stocks and exchange traded funds: Facebook (FB), Tesla Motors (TSLA), Twitter (TWTR), Netflix (NFLX), Amazon (AMZN), Bank of America (BAC), citigroup (C), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Bitcoin Will Continue To Head Lower

I think it is a bubble like any other bubble. The dot com bubble,  we had the real estate bubble, we had the Bitcoin bubble. And the Bitcoin bubble has already popped.

Bitcoin now, is trading around 350 dollars/ bitcoin, the high was 110 or 1200. So, I think we already saw the speculative blow off and I do not think the currency will is going back up to that rate again. I think we will continue to head lower.

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

Greenspan On Gold

Related stocks and ETFs: Newmont Mining (NEM), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), 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.

Why Is The U.S. Dollar Rallying?

Everybody is wrongly anticipating that the Federal Reserve is going to tighten. They believe that Quantitative easing has worked, that zero percent interest rates have worked and because they worked, they are no longer needed.

Well, the fact of the matters they are needed now more than ever before. Because they did not work in creating a legitimate economic recovery, all they did was inflate a big bubble. And you cannot keep the bubble inflated without the air. So, the Federal Reserve cannot suck the air out of the bubble and expect it to keep expanding.

Related exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.

America: Raising Taxes And Demonizing The Successful

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

Monetary Policy: There Is No Exit Strategy

When they figure out that there is no exit strategy, that exit from this monetary policy is impossible, that it really is Qe-infinity, that interest rates will have to stay at zero forever. No matter how high inflation gets, than its a game changer and the bottom will drop out of the U.S. Dollar.

Related trading: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), EURUSD forex cross, AUDUSD forex cross, USDJPY forex cross

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

America`s Job Growth: Waiters & Bartenders

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

Employment Report: Unemployment Falls But Real Wages Do Not Rise

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

2008 Crisis: The Economy Is Even Sicker Now

Unfortunately all the problems that led to the housing bubble and the inevitable financial crisis, all the problems are now worse than they were. And it is interesting that all the so-called experts, economists, market strategists, did not understand just how sick the economy was, leading up to the 2008 financial crisis. They do not understand it is even sicker now. They never understood the disease, they think the Fed`s cure worked, but the Fed`s cure only made the disease that the Federal Reserve created worse.

Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders ETF (XHB)

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

Video: U.S. Economy, Interest Rates & Bitcoin

Related exchange traded funds: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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

Corporate Layoffs Surge In October

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

U.S. Economy: Is It Strong Or Weak?

Related ETFs: SPDR Gold Trust ETF (GLD), 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.

Crude Oil: Low Prices Are Not Sustainable

I do not think these levels are going to be sustainable given all the inflation that is being created around the world and the inflation I believe is going to be created in the United States.

Related trading instruments: Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), 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.

America`s Bubble Economy

Related Exchange Traded Funds: United States Oil Fund LP ETF (USO), Nymex Crude Oil, SPDR Dow Jones Industrial Average ETF (DIA), 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.

Can The Fed End QE Without Causing Turmoil?

The idea that we can end quantitative easing and that everything is going to be fine... Why did we do QE3? Everybody forgets! We did QE3 because QE2 did not work. Why did we do QE2? Because QE1 did not work. So, why do people think that it will be any different now with QE3? We ended QE3, we ended QE2, we ended QE1. I think we are going to resurrect it again.

Related: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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

Schiff Report: Stock Market, Gold Stocks

Related stocks and exchange traded funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Nasdaq 100 Index ETF (QQQ), 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.

Stock Market: Good Times Will Not Last

I do not expect the good times to last. Reality will start to set in. You have all these traders now that realize that the Federal Reserve safety net is not there.

Related exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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

Stocks: The Market Is On Its Own Now

Topics: 

- QE is dead;
- no concerns about market volatility by the Federal Reserve;
- are they convinced that QE really worked?
- market`s reaction to the Fed statement;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Greenspan: The Fed Cannot Exit Without Creating Turmoil

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), 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.

Federal Reserve: Now Comes The Tough Task

Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), 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.

Corporate Earnings: What Are They Telling Us (MCD, AMZN, KO)

If you look at a lot of the evidence coming out of corporate america in the past week, you can see that the consumer is in fact struggling. Look at some of the big companies that reported earnings in the past week. Those that deal with average americans are showing a big drop in their earnings. Look at what happened with McDonalds (MCD).

Related stocks: Amazon (AMZN), The Coca-Cola Co. (KO), McDonalds (MCD)

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

CNBC Video: "I Am Wrong Less Often Than Every Other Guest That Comes On This Program"

Related stocks and Exchange traded funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR S&P 500 Index ETF (SPY), 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.

The Economy Is Much Weaker Than People Think

Related trading stocks and Exchange Traded Funds: McDonalds (MCD), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), The Coca-Cola Co. (KO), Amazon (AMZN)

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 Economy Cannot Survive Without QE

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

The U.S. Economy Is A Disaster

I think the economy is a disaster. And that is why I do not think the Federal Reserve is going to exit. Unfortunately they got QE$ queued up and ready to launch.

They are going to do more quantitative easing, not because it has worked but because it has been an abysmal failure. But they can`t admit it has been a failure, they are going to do it all over again.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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 Only Way The Fed Will End QE

They have to keep pretending they can end it at a later date, because they can never end it on any date. They cannot end it without creating a recession, they cannot end it without producing another financial crisis, which means they are not going to end it.

I mean, not on their own terms. That does not mean it is never going to end. It will end, when a currency crisis and a sovereign debt crisis forces it to end. But before that happens, the Federal Reserve is going to come up with one excuse after another which is what I said since they launched QE1!

Related trading instruments:  Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), 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.

What is The Fed Going To Do If Stocks Go Down?

Recently they have been sucking the air out of the bubbles. And now they are surprised that the bubbles are deflating?

What they are going to do is they are going to try to blow the air back into the bubble. They need the stock market going up, so if the stock market goes down, what are they going to do? And again, it is not just stocks, it is real estate. That is going down too.

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Markets Are Slowly Coming To Grips With The Reality

I think the markets are slowly coming to grips with the reality that the exit from QE is not going to be as easy as everybody thought. You know, I heard Dallas Fed Chairman, Richard Fischer on CNBC earlier, calling for QE to end on schedule. But what Fischer does not understand is that you cannot end QE without plunging the U.S. Economy into a severe recession.

It is because of the monetary policy of the Federal Reserve that the U.S. economy is more screwed up now than it has ever been in its history.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

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

Ending Quantitative Easing Will Plunge The U.S. Economy Into Recession

Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB)

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

QE: When The Effects Wear Off...

Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

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

More QE To Get The Stock Market Up Again

In fact, just as I said, a lot of the enthusiasm or the talk about the Federal Reserve maybe not ending QE or not raising rates, a lot of it has to do with the weakness in the market.

People are saying, well, won`t this weakness in the stock market put the Federal Reserve on hold? That is exactly what I was saying before the market weakened. I said initially, if the Federal Reserve tapers the stimulus, the markets will go down. And the markets going down will mean that the Federal Reserve has to come back and stimulate to get the market back up. Because the goal of QE was to inflate the stock market and the real estate market.

Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), 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.

Market Update: Deflation, Inflation & QE4

Related trading instruments: SPDR S&P 500 Index ETF (SPY), 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.

Endless QE: The End Result Will Be...

Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Nymex Crude Oil, United States Oil Fund LP ETF (USO), 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.

Gold: China Is Quietly Buying

Related Stocks and Exchange Traded Funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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

Gold: $1200 Will Seem Cheap

Related trading vehicles: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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

U.S. Economy: We Will Be In Recession By Early 2015

The U.S. is n to going to be ending QE (quantitative easing) or raising rates. In fact, I think we are going to be doing more QE than Europe and Japan.

The best growth for the U.S. Economy happened in the second quarter, it is downhill from there. All the data and all the common sense points to the fact that we are headed back to recession. We should be in recession be early 2015.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

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

Investors Will Return To Gold

Related stocks and Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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

U.S. Dollar: Why The Rally?

Related trading instruments: EURUSD forex cross, USDJPY forex cross; SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.

The False Premise Of The U.S. Dollar Rally

Related stocks and Exchange Traded Funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), EURUSD forex cross

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

Volatility Is Indicative Of A Topping Stock Market

All this volatility is likely indicative of a top in the market and a turning point. And this has been ongoing for months. The stock market has never really been able to make significant progress this year, I have been talking about that all year. Even though the major averages have recorded gains up until now, beneath the surface, the average stock was declining. In fact, there are many stocks that are already in bear markets and you can`t really see it if you are just looking at the headlines.

Related trading stocks and indexes: iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA)

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

Stocks: A Top And A Turning Point

Look at the housing stocks. Thats about the worst looking sector out there, although this (last) week the technology sector got clobbered. So, to me you are seeing a turning point in the market. All this volatility is likely indicative of a top in the market and a turning point.

Related trading instruments: SPDR S&P Homebuilders (ETF) (XHB), Lennar Corporation (LEN), KB Home (NYSE:KBH), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), 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.

Stock Market: Economically Sensitive Indexes Are The Weakest

Everybody is talking about the U.S. recovery, yet the economically sensitive indexes are the weakest. And of course, these deal directly with the domestic economy. You don`t have the multinationals in the Russell 2000, that you have in the Dow Jones.

And if all this story about how there is weakness overseas, but America is an island of strength in a sea of recession, if that really were true why are the indexes that are most tied to the U.S. Economy the weakest?

Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), FedEx Corporation (FDX), Delta Air Lines (DAL), Union Pacific Corporation (UNP)

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

Stock Market: The Worst Week In Years

It was the worst week in the stock market in years. The Dow Transportation Index, it had the biggest decline in over 3 years, down 6.9 percent. And that`s despite Crude Oil down 4.6%. That`s the worst week in about p months and over the last 2 weeks crude oil is down 8.5 percent.

The nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.

The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.

It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.

Related stocks and ETFs:  SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM),  Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)

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

Federal Reserve: QE Has Not Worked!

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Bank of America (BAC), J.P. Morgan (JPM), Facebook (FB), Netflix (NFLX), Twitter (TWTR), Tesla Motors (TSLA)




















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

Federal Reserve: Their Plan Is To Launch QE4

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), 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.

Bitcoin: Don`t Buy The Dips

The downturn has resumed with a vengeance. (...) I don`t see any significant support in this market and I still think we are headed quite a bit lower between now and the end of the year. There may be some bounces but these are simply opportunities in my opinion to sell. I don`t think the name of the game is to try to buy dips in Bitcoin.

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

Gold & Silver: Opportunity To Buy

These are opportunities. And again, I don`t know when the irrationality is going to stop. I just know that the markets aren`t rational right now and it can stay that way for a while longer. But as long as we are not using leverage, as long as we are buying things we can afford and not overextending ourselves, it does not matter if the market goes against if in the long run we get the direction right.

And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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 Are Forming A Top

I still believe that the stock market is in the process of making a top and will in fact roll over if the Federal Reserve does not come out and take the interest rate hikes off the table and unveils a new round of QE, or reverse the taper. If Yellen does that before the market breaks down than she will avert the bear market. But if she waits until after it breaks down, obviously she will be reacting to it.

But either way, the markets are in the process of forming a top, at least a short term top until the federal Reserve gives in and gives the addicts what they need, wether they need it or not.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Nasdaq 100 Index ETF (QQQ), Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR)

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

Video: Employment Report Analysis

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD)

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 Fed Will Lose Control

The real crisis is when people realize that the Fed has lost control, that inflation id going to run out of control and that QE will never end, because it cannot end. Because we have so much debt, that it can`t end. We can`t allow interest rates to go back into normal because at this point its impossible, because there`s too much debt.

And all the economy is one big bubble, one big illusion and all the Fed has to do is to keep the illusion alive for as long as possible but once the bondholders, the dollar buyers wake up and realize its an illusion the dream will turn into a nightmare.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD)

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

Stock Market: Signs Of A Top?

If this recent volatility in the market is the sign of a top and certainly the broader averages are already breaking down and topping out and you have key sectors like the homebuilders and you have certain stocks that are related to the consumer... We had bad numbers at CarMax (KMX), they sell a lot of used cars and when their numbers came out and disappointed we had a big drop in shares of CarMax (KMX), and you start to get companies like this dropping on bad results.

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

Quantitative Easing (QE) Has Not Worked

Related ETFs: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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

Ending QE: Reverting The Process

Related stocks and ETFs: Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR), 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.

Federal Reserve: Selling 700 Billion USD Of Debt in 5 Years?

Related trading vehicles: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD)

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 Surging U.S. Economy?

Related trading instruments: Financial Select Sector SPDR (XLF), SPDR SP 500 Index ETF (SPY), Nasdaq 100 Futures, S&P 500 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.