Homebuilding Stocks In A Bear Market

It`s done. You can a fork in this housing recovery. And the homebuilders stocks are showing you. Again, one or two year lows! The Dow Jones Industrials is over 17,000 points, everybody talking about a recovery and the homebuilders are in a bear market. They don`t even see the recovery. How can you have a recovery without the housing sector?

Related stocks: The Ryland Group (RYL), Lennar Corporation (LEN), KB Home (NYSE:KBH), 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.

Many Homebuilders Are Making 52 Week Lows

Beneath the averages there are a lot of stocks that have been clobbered over the last 11 months. Some of the hardest hit apart from gold stocks, the homebuilders. And I have been pretty negative on this sector for a while and we have a lot of homebuilders making 52 week lows this week. Some of these stocks are at 2 year lows, not just 1 year lows!

Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)

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

Investment Outlook: U.S. Economy, Real Estate & Stock Market

If Janet Yellen is true to her word, by the beginning of next year there will be no QE and the Federal Reserve will be closer to pulling the trigger on raising rates. So, I think without all this extra help even if rates are still at zero, people will be preparing for interest rates not to be zero and the Federal Reserve will not be doing all this QE, I don`t think this bubble economy will be nowhere as bubbly.

I believe the real estate market will continue to soften and potentially by then it will be in outright decline in home prices, the stock market could be quite a bit lower if we stay the course between now and the beginning of 2015.

Related trading instruments: iShares Dow Jones US Real Estate (ETF) (IYR), The Ryland Group (RYL), Lennar Corporation (LEN), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Netflix (NFLX), 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.

The Fed Can`t Raise Rates

Related trading instruments: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Goldcorp (GG), 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 Federal Reserve Inflated A Much Bigger Bubble

Related trading instruments: U.S. Dollar, EURUSD forex cross, 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.

The United States Is A Dependent Nation

We are the most dependent nation on the world. We depend on others countries like no other country. Think about it. We have the world`s biggest trade deficit, which means that we depend on other countries to produce the products that we need. We can`t produce them ourselves, how is that self-sufficient?

We also have to borrow the money. Because we don`t produce enough to export to pay for our imports, we have to borrow money. We count on the world to finance all the goods that we can`t afford. So not only we import the most but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?

We have the biggest trade deficit in the world, the biggest current account deficit in the world and we are the world`s biggest debtor nation. We owe more money to other countries than all the countries in the world combined!

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 Big Breakdown In Price

The big breakdown in the price of Bitcoin. I had been forecasting a big move down in Bitcoin prices. That has happened. I think there`s more downside to go.

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: Cheerleaders Vs. Haters

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), 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: A Lot Of Support Around 1,200

I think from a dollar price perspective, there is a lot of support around this 1200 level and even a bit below. So I think there is going to be a lot of buying down here. Usually you get a lot of bearishness when gold gets around the 1200 level.

Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.

U.S. Economy: QE Creates Addiction

The more you stimulate an economy with QE the more addicted it becomes to it. If you take it away, you get withdrawal and then the Fed comes right back with more.

Remember Janet Yellen said, "Its all data dependent." And if the economy rolls over, she is back in the QE business and the rate hikes are off the table.

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

Market Outlook: Gold, U.S. Dollar, Interest Rates

Related trading vehicles: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), 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.

Don`t Invest Based On What Yellen Says

People who are investing based on what Janet Yellen says, if they don`t reverse their positions at some point, they are going to realize that they got it wrong. Because what she says and what she is going to do are two entirely different things.

Related trading vehicles: iShares Silver ETF (SLV), Goldcorp (GG), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Barrick Gold (ABX), Newmont Mining (NEM)

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 $1 Dollar Used To Get You

Related trading instruments: iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Kellogs (KG), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Tesoro Corporation (TSO)

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

Recession Will Come Faster Than The First Interest Rate Hike

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

The U.S. Economy Will Sink Without QE

I don`t think the economy can sustain itself without QE. Think about how weak the GDP growth has actually been. We have been decelerating because 2013 was below 2012, and 2014 is probably going to be below 2013.

But all those years had QE. So if the economy can barely grow with all the QE, what is going to happen when you take it away?

Related stocks: Bank of America (BAC), citigroup (C), Goldman Sachs (GS), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), 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.

Removing QE Will Pop The Asset Bubble

Just because they removed the QE slowly, does`t mean the bubble that was inflated by that QE isn`t going to pop.

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

Video: Yellen Will Not Raise Interest Rates

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

Currencies: Markets Are Getting It Wrong

They are selling Euros, they are selling Pounds, they are selling Yen, to buy dollars because they are worried about problems in Europe or japan even though we have the same problems, only bigger in the United States.

Related trading instruments: USDJPY forex cross, EURUSD forex cross, GBPUSD forex cross, British Pound Futures, Yen Futures, Euro Currency 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.

The U.S. Dollar Rally Will Be Short Lived

I haven`t been bearish on the stock market even though I am bearish on the U.S. Economy. I have been bearish on the on the U.S. Dollar, the dollar has rallied recently but I think that is going to be short lived.

The problem is the Federal Reserve will keep on doing one monetary policy mistake after another, they are going to destroy the value of money which means nominal stock prices have to go up. But don`t confuse that with a vibrant economy.

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

The Federal Reserve Will Soon Be Printing More Money

What is the Federal Reserve going to do if the economy or the economic recovery is in jeopardy or if in fact we are back into recession?

And that is: print more money, more Quantitative Easing (QE). The opposite of what everybody seems to be expecting.

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

Market Outlook: Forex Markets, Interest Rates

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

Federal Reserve: A New Round of QE That Will Make The Europeans Blush

We have just inflated another bubble and the air is already going back out. And the Federal Reserve knows this bubble is too big to pop because the financial crisis that would follow would make 2008 look like a Sunday school picnic.

So they are getting ready to blow as much air into this bubble as they can and so they will launch a new round of QE that will make the Europeans and the Japanese blush.

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

Federal Reserve: What The Next Move Will Be

Interest rates have been too low for too long, that is a big problem. But unfortunately they are not going to be raised anytime soon and ultimately when interest rates do go up, its not because the Federal Reserve wants them to go up, but because they have no choice. But I think the next thing the Fed is going to do is to launch an even bigger round of QE then the one they are tapering off from. Because the U.S. Economy is not recovering, we are slipping back into recession. If the Fed does not know that, it will by the end of the year and it will have to reverse policy.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), 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.

Central Banks Have It All Wrong On Inflation

Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), 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.

Gold Market Outlook

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

Foreign Stocks Will Continue To Outperform

This has not been a great year for U.S. stocks. Some stocks have done well, but some stocks have been taken under the woodshed and shot. It all depends on the ones that you own.

And of course, international markets, foreign markets have way outperformed the U.S. thus far in 2014. These are the markets I am concentrating in, the ones we are investing in. So, the international markets are doing a lot better and that is not a story that is really being told too much in the mainstream media, but that is the case. And I believe that will continue to be the case not only for the balance of 2014 but for the balance of the decade.

Related trading instruments: iShares MSCI Emerging Markets Index ETF (EEM), 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.

The U.S. Dollar Is Going Down Against The Euro

Long term the U.S. Dollar is going down against the Euro currency. Why people are so optimistic on the dollar is because they assume that while the ECB (European Central Bank) is easing, our Federal Reserve is going to be tightening. What they don`t know is while the ECB is easing , our Fed is going to be easing even more.Whatever QE is going to happen in Europe its going to be happening bigger in the United States. So, all this talk about a tighter Federal Reserve, shrinking the balance sheet, raising rates is a bunch of talk. What`s actually going to happen is going to be the opposite.

Related trading instruments: EURUSD forex cross, Globex EUR Futures, 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.

This Is A Stock Market Rally For The 1 Percent

Despite the fact that the Dow Jones Industrials closed at a record high, you have got 21 year lows in CNBC viewership. Why is that?

I have said this before, this is a stock market rally for the 1 percent!

The average american who was in the stock market during the 1990`s they are too broke to invest in the stock market now. You have some wealthy people that are involved but the vast majority of americans, they are spending their money in the supermarket, not in the stock market.

Related trading instruments: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), Exxon Mobil (XOM), Bank of America (BAC), 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: The Jobs Situation Is Going To Get Lot Worse

The jobs situation is much, much worse than the numbers suggest and I think its going to get a lot worse!

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

Employment Report: Lowest Job Creation Of The Year!

The lowest estimate on Wall Street was 190,000 jobs. That`s the lowest that anybody went. The highest, I think some guy was at 310,000 jobs for August. The consensus was around 230,000 jobs.

We actually created 142,000 jobs. That`s it. That is the lowest job creation of the year!

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.

Stock Market Outlook

Related trading instruments: Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX), 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.

Automation Is A Positive Thing

Related stocks: Amazon.com (AMZN), Google (GOOG)

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

International Tensions May Even Be Bullish For Stocks

Related trading vehicles: 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)

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

Housing Market: No Real Buyers

Related stocks: Lennar Corporation (LEN), SPDR S&P Homebuilders ETF (XHB), KB Home (KBH), Pulte Group (PHM), Home Depot (HD)

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 Biggest Risk

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

The Stock Market Wants Cheap Money

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

Stock Market: The Excuse The Fed Needs To Postpone The Taper

Related ETFs: 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.

Video: Ron Paul on The Peter Schiff Show

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