Dec 30, 2015

Markets: QE4 Coming Next Year

I think they will be doing QE4 next year, that is the problem. And not because any of this works (QE), it does not work. But we are trapped in this. The Gold market is going to like it.

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

Dec 29, 2015

Financial Markets: You Can Only Imagine What Lies Ahead

We have had 7 years of zero percent interest rates and the damage that the Federal Reserve has done to this economy is much greater than what was done under Greenspan and that gave us the 2008 financial crisis. So you can only imagine what lies ahead as a result of what the Federal Reserve has done to us this time. (SPDR Barclays Capital High Yield Bnd ETF (JNK), 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.

Dec 28, 2015

How To Play Gold

I started to tell people to buy gold (SPDR Gold Trust ETF (GLD)), when it was at 300 dollars an ounce.

I do not tell people to put all their money in gold. I tell people to put some of their money in gold (SPDR Gold Trust ETF (GLD)), 5 to 10 percent and as you get more money as the price of gold comes down you can add to it at a better price.

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

Manufacturing Is In Recession And Getting Worse

Manufacturing is already in recession and that is just going to get worse and obviously this interest rate hike and the belief that the Federal Reserve has got more coming is just going to accelerate this process.

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

Dec 23, 2015

The Federal Reserve Will Be Forced To Admit That It Is Wrong

As the economy slows and the Federal Reserve is forced to admit that it is wrong and it is forced to lower interest rates back down to zero and launch QE4, there goes its credibility. They were obviously wrong and they were so wrong that they could not even admit it.

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 Credibility Bubble Might Be The First One To Deflate

I think the Federal Reserve is getting dangerously close to losing what remains of their credibility. The credibility bubble might be the first one to deflate and it is amazing that after two busted bubbles in the past 15 years the Federal Reserve still has any credibility left. But I think it is going to be the third time the charm or whatever is the opposite of charm for the Federal Reserve when it comes to losing their credibility.

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

Dec 22, 2015

The Bond Bubble: Junk Bonds, Treasuries

When rates move up all bubbles are going to burst. The Bond bubble, it is not just junk bonds, there is a bubble in sovereign credit, there is a bubble in Treasuries. (SPDR Barclays Capital High Yield Bnd ETF (JNK), iShares iBoxx $ High Yid Corp Bond ETF (HYG))

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

Dec 21, 2015

All The Forward Economic Indicators Are Flashing Recession

The whole economy is nothing but a bubble. We did not have a legitimate economic recovery, we just had a bubble and te bubble needs to be pricked. But if you look at all the forward economic indicators, they are all flashing recession. The only one that is not is the Unemployment Rate which is a lagging indicator.

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

Dec 18, 2015

Interest Rate Hike: The Economic Data Did Not Justify It

I think the Federal Reserve felt that even though the data did not justify it, that they had to raise rates because they were afraid of the psychological damage, in other words, to prove they were confident in the economy they had to raise interest rates even though the economic data would argue against it. (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.

Dec 17, 2015

The Federal Reserve Will Not Raise Rates Again

Yellen is trying to reassure markets not to anticipate much in the way of additional tightening and in fact I do not think this is the beginning of the hiking cycle. I think this is the end of it. Normally when the Federal Reserve behind to raise interest rates they do it early in the recovery when the economy has a lot of upper momentum. But the Federal Reserve has waited so long that this recovery is almost over. The recession is about to begin. I think there is a good chance it is already hereof will begin early in 2016.

I think the only reason the Fed is raising rates is to try to show they have confidence in the economy but the reality is that they are trying to cover up fears with this symbolic rate hike. I think they will be doing QE4 next year, they will not raise rates again.

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

Dec 15, 2015

Oil Prices & Stock Prices Are Going Down For The Same Reason

The truth is oil prices and stock prices are going down for the same reason. It is not that lower oil prices are causing the market to go down. Both are going down for the same reason and that reason is a slowing global economy including the U.S. Economy and the fact that the Federal Reserve is threatening to slow it even faster by raising interest rates. That is what is driving the market down.

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

Dec 14, 2015

If The Fed Was Data Dependent They Would Not Be Raising Rates

The economic data is bad. They do not want to acknowledge that. If the Federal Reserve was data dependent they would not be raising rates based on their own criteria, but they do not want to acknowledge what should be obvious. ( 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.

If The Fed Raises Rates, They Will Cut Them Back Again

I think when the Federal Reserve raises rates the next thing they are going to do is to cut them back down to zero. We will probably be in a recession next year or close enough to it, that the Federal Reserve tries to delay the onset of that recession by stimulating again by going down to zero, doing QE4 and of course when the Federal Reserve does that they will look like complete fools. (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.

Dec 11, 2015

The Most Dovish Interest Rate Hike Ever

Manufacturing is in recession and the overall economy will likely join the manufacturing sector next year. In fact, we lost manufacturing jobs again this month.

Everyone is still convinced that the Federal Reserve is about to raise interest rates next week. They might just do it now because Janet Yellen has basically assured everybody that it does not matter if they raise rates now, what matters is what they will do afterwords. She is basically trying to take the sting out of it by making this the most dovish interest rate hike ever. (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.

Dec 10, 2015

U.S. Economy: The Recovery is Ending

Manufacturing is already in a recession. Look at the ISM number that came out last week at a 6 year low. Even the Services sector ISM came way below estimates. Retails sales have been abysmal, consumer confidence is going down. All signs point that the recovery is ending.

Dec 9, 2015

Markets: Interest Rate Hike, Tightening Cycle

If we actually get an interest rate hike next week that is the only interest rate hike we re going to get from the Federal Reserve. It is not going to be the beginning of the tightening cycle, it is going to be the end of the tightening cycle which actually begun a couple of years ago when they first started talking about the taper.  That was the beginning of the tightening cycle and I think the first official rate hike, if we actually get one, is going to be the end of the process.

Dec 8, 2015

I Expect The Dollar To Be Weaker

As I have been saying, we have the biggest problems in the United States and so I do expect the U.S. Dollar to be weaker than these other fiat currencies and when they are sinking but the dollar is sinking faster that is when the price of gold can really take off. (SPDR Gold Trust ETF (GLD))

Dec 7, 2015

The Best Environment For Gold

The best environment for Gold is going to be when the weakest currency is the U.S. Dollar. Gold does well when all the currencies are going down but for some reason the U.S. Dollar needs to be going down the most. Because if the U.S. Dollar is going down more slowly than the Euro Currency or the Yen everybody assumes the U.S. Dollar is strong and Gold goes down which is an asinine assumption and obviously its not going to be able to persist that way. Ultimately gold has to go up.

Dec 4, 2015

Dow Jones: The 2,000 Points Relief Rally May Be Reversed

We were down 400 points in the last 2 days on the Dow Jones Industrials and remember the Dow Jones rallied 2,000 points off its September low. That is where it was when everybody thought the Federal Reserve was going to hike interest rates in September and when we got that bad jobs number we had a 2,000 points relief rally because the Fed was not about to raise rates.

And now what as been holding up the market was the idea that the ECB was going to come in with all this money printing. But now that we are not going to get that and people still expect Yellen to raise rates, well, we might lose the entire 2,000 points relief rally in which case the rate hike is back off the table as if it was ever on the table in the first place.

Dec 3, 2015

The Fed Is Going To Look Ridiculous For Having Raised Rates

They waited so long to raise interest rates that the economy is already going into recession on its own without any help from the Federal Reserve. If the Federal Reserve now gives it a push by raising interest rates even slightly, we are going into recession that much quicker and the Federal Reserve is going to look ridiculous for having raised interest rates so close to the beginning of the recession.

Gold: Hedge Funds Are The Most Short They Have Ever Been

By the way, hedge funds are the most they have ever been in Gold right now, the least long, the most short, their net short position.

Obviously everybody who shorted gold, if you shorted it over the last few years, you are ahead. That trade is a winner for everybody. Let`s see what happens if the price of gold reverses between now and the end of the year  and we get a lot of hedge funds that want to book those profits. We will see how much profit remains to be booked if all the shorts at once decide to cover because I think a lot of people sitting on paper profits are going to find these paper profits difficult to realize when everybody is trying to realize them at the same time.

Meanwhile in the physical gold world the demand for gold continues to hit records as we are getting reports from the mints about what demand is for actual physical silver and gold coins.

Dec 1, 2015

U.S. Economy: Consumers Aren`t Confident

This was the lowest level for Consumer Confidence in 14 months. The Federal Reserve is just getting ready to raise interest rates as the economy is supposedly ready for it yet consumer confidence is at 14 month lows.

Consumers were a lot more confident 14 months ago when the Federal Reserve said they could not raise interest rates but now they are saying, "Everything is perfect, we are going to raise interest rates" and they are getting economic data that suggests that thy should be doing the opposite!

Corporate Profits Are Declining

Buried in that GDP report were some other very bad numbers. For example, there was a 4.7 percent decline in corporate profits during the quarter. That is the biggest decline in corporate profits since 2009!

Nov 30, 2015

The Manufacturing Recession Is Already Here

We got 52.6 on the Manufacturing PMI and that was the lowest number in 2 years. I have been talking about this for a long time on the podcast. The manufacturing recession is already here.

The mainstream will acknowledge this but they do not even think it matters. They think that manufacturing is so small a part of the economy that it does not really matter. Admitting that is such a small part of the economy is part of the problem. It cannot be a small part of the economy! The fact that it is a small part of the economy is a problem in and of itself.

Nov 27, 2015

A Bullish Case For Gold

Gold (SPDR Gold Trust ETF (GLD)) failed to rally in the wake of the terrorist attack so the shorts came back in. But everybody has piled short as they are all waiting for the Federal Reserve to hike rates. This is the most anticipated rate hike in the history of interest rate hikes and again one and done is not gonna cut it. The Federal Reserve is going to need to raise interest rates substantially to validate this move in the dollar but they can`t. They can`t validate it because any significant move up in interest rates would precipitate a financial crisis.

Nov 26, 2015

We Are Going To Be Back In Official Recession Or Close Enough Soon

Long before the Federal Reserve gets to 1.00% rates if they actually start in December, we are going to be back in official recession or close enough to it that the Federal Reserve is going to have to stimulate the economy again.

December Meeting: A Rate Hike If The Market Is Near Record Highs

If the market is near record highs in the day before the meeting (in December) and it looks like as if everybody is OK with a tiny interest rate hike, they might do it.

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

Nov 25, 2015

Industrial Production: More Signs Of A Recession

Industrial Production, this is the 9th monthly drop in the last 10 months. This is the weakest this series has been since January 2010. How many signs of a recession does the Federal Reserve need?

Nov 24, 2015

The Safest Thing For The Federal Reserve To Do

The safest thing for the Federal reserve to do given the game that they are playing is to not raise interest rates in December and keep pretending that they are going to. Because so far, so good. It is working like a charm!

Nov 23, 2015

Empire State Manufacturing: Biggest Losing Streak Outside of a Recession

This is the fourth straight month in a row that it`s been down and all of the components were very weak. This is the biggest losing streak for this index outside of a recession. So, maybe we are in a recession and that is why we are getting readings that are consistent with a recession or the recovery is so weak that its like a recession.

Nov 21, 2015

The Federal Reserve Will Find An Excuse Not To Raise Rates

With the Dollar rallying, commodity prices falling, the Federal Reserve has another reason to say, Well, you know, inflation is too low, we do not have meet our inflation goal and it can easily get away without raising interest rates in December.

Nov 20, 2015

China Is Accumulating Gold Quietly and Secretly

I think China is deliberately underreporting their gold holdings. I think they are accumulating more and more gold (SPDR Gold Trust ETF (GLD)), quietly and maybe secretly because I do think that ultimately that is their intention, to have a gold backed Yuan becoming the predominant currency in the world.

Nov 19, 2015

Fed: The Only Reason They May Raise Interest Rates

If they are really dependent on the economic data, its all been bad. The data has been consistently bad. If they are really data dependent they should not be raising interest rates.

The only reason they may raise interest rates is because they feel they have to because they are worried that the market might begin to get suspicious of the game they are playing if they do not move.

Nov 18, 2015

Dip In Gold Is A Buying Opportunity

The price of gold (SPDR Gold Trust ETF (GLD)) has fallen back below 1100 dollars. In fact the price of gold has declined almost one hundred dollars in the last 30 days. We are back down in the vicinity of the August low. I think this is an opportunity for those who thought that the rally was getting away from you.

Nov 17, 2015

The Case Against A December Rate Hike

Is the Federal Reserve really going to raise rates in December? If they do hike rates and the economy falls apart, they are going to say, "You see, they hiked rates, they did it, they ruined the economy! The Fed did a mistake by raising interest rates."

They do not want to risk that. If they never raised rates and the economy turns down, they will think they were smart.

The Fed Is About To Run Into A Brick Wall

Recessions do not start with layoffs. First the economy turns down and then companies layoff. Companies do not just start laying off people for no reason. Employees react to the recession. The economy turns down, sales turn down, and then businesses start to lay off. Then these layoffs make the existing recession even worse.

You can`t just look at the unemployment numbers and make monetary policy from that as if that is the data that really counts. The Federal Reserve wants to make economic policy looking into the rearview mirror. They are about to run into a brick wall!

Nov 16, 2015

Economic Data Is Consistent With The Beginning Of A Recession

The economic data is awful. This data is consistent with the beginning of a recession. This is when the Federal Reserve typically would be easing monetary policy but the problem is they never tightened. The recession has already started and they never finished fighting the last one.

U.S. Economy: All Of The Evidence Is Flashing Recession

All of the evidence is flashing recession. The consumers are running out of money, the inventories are piling up unsold on the shelves, retail sales are plunging, retailers stocks are crashing. The recession is beginning if it hash`t already begun.

Stocks: Major Retailers Are Selling Off

All these stocks are going down, even the high end. Look at Tiffany (TIF), it is trading at a 52 week low. All the major retailers are hitting multi year lows.

Related stocks: Macys (M), Wal-Mart (WMT), Nordstrom (JWN)

Nov 13, 2015

Retailers: Weak, Weak Sales Across The Board!

Think about this. We are getting Wal-Mart (WMT) which is the mass retailer where everyone is shopping on a budget. They had horrible numbers.

Then you have probably the largest department store, Macy`s (M), which is, you know, not high end but higher end, kind of mid-market, nicer stuff, more expensive stuff than Wal-Mart (WMT). They had horrible numbers.

And then you have Neiman Marcus which is the high end, probably the biggest high end retailer in the country, they had horrible numbers too!

Its across the board weak, weak sales!

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

Nov 12, 2015

A Buying Opportunity In Gold & Gold Stocks

These currency speculators really believe the Federal Reserve and they just sold off the price of gold, they brought down the price of gold stocks. That is an opportunity, that is a buying opportunity for the few people that actually recognize what is really going on.

Stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX)

ETF`s: 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.

We Are Headed For A Crisis

I think the way this bubble is going to deflate is that the Federal Reserve is not going to be able to raise interest rates and investors are eventually going to figure out that predicament because of the Fed`s failure to act. And the U.S. Dollar is going to ultimately turn around, take the bond market with it, push up consumer prices, push up interest rates and really put the squeeze on the economy even further.

If the Federal Reserve actually tries to raise interest rates, then they are just going to prick the bubble much faster. So either way the air is going to come out and we are headed for a crisis.

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

Nov 11, 2015

Federal Reserve, Interest Rates & Stock Market



If the Federal Reserve decides to raise interest rates in December the markets may not have a good reaction. What will the Fed do then to stop the markets from bleeding?

The Fed Will Not Raise Rates In December


The Federal Reserve will probably not raise interest rates in December but Wall Street is increasingly expecting a rate hike in the December meeting, says peter Schiff.

Nov 10, 2015

Why The Big U.S. Banks Are Vulnerable


Peter Schiff explains why the big banks are very vulnerable now as they are highly leveraged.

Related banking stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC), Citigroup (C)

What Will Happen When The Fed Raises Interest Rates


Peter Schiff explains what will happen if the Federal Reserve finally decides to raise interest rates.

Nov 9, 2015

Why Is The Fed So Afraid Of Raising Rates


The Federal Reserve is very afraid of raising interest rates because it may ignite a stock market sell-off, says Peter Schiff.

Nov 6, 2015

Rate Hikes Only After A Dollar Crisis


We will only have an interest rate hike after we have a dollar crisis and a sovereign debt crisis, says Peter Schiff.

Nov 5, 2015

The Big Banks Are Even More Vulnerable Now


The big banks are even more vulnerable now as they are highly leveraged, says Peter Schiff.

Stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC), Citigroup (C)

Nov 4, 2015

Gold Should Not Be Compared To Stocks


Gold should not be compared to stocks as an investment. Gold is money and it should be compared to fiat currencies. Your savings should be in gold and not in fiat currencies like the U.S. Dollar, the Japanese Yen or the British Pound, says Peter Schiff.

U.S. Stocks Are Very Expensive


U.S. stocks are very expensive right now while gold and gold mining stocks are cheap, says Peter Schiff. (Newmont Mining (NEM), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), Goldcorp (GG))

Nov 3, 2015

Federal Reserve: Investors Are Not Really Understanding The Game


Investors are still struggling to understand the extend and pretend game the Federal Reserve is playing, says Peter Schiff.

Oct 30, 2015

History Suggests A Collapse In The U.S. Dollar

In similar situations in other countries there has always been a collapse in the currency. It is not going to be different this time around in America, says Peter Schiff.

Oct 29, 2015

Investors Will Run Away From The U.S. Dollar


Investors will run away from the U.S. Dollar when they realize that there is no exit strategy from the Federal Reserve and that they will eventually lose control of the situation.

Oct 28, 2015

The economy Is In Worse Shape Today Than It Was Prior To The Financial Crisis

Everybody is still brainwashed, they believe the Fed propaganda. The Fed has been talking about how great the recovery is and how is getting ready to raise interest rates. None of this is true. There is no recovery thanks to the Federal Reserve. All there is is a gigantic bubble that has prevented a recovery from taking place.

And the only reason the Fed is pretending that is going to raise rates is that it can pretend that the economy is strong enough to withstand that but basically the Fed cannot do that. The Federal Reserve is going to do more quantitative easing, they are going to do QE4 and all is going to do is to weaken the economy further.

The economy is in worse shape today than it was prior to the financial crisis.

Investors Are Still Believing The Fed Propaganda


Investors are still believing the propaganda from the Federal Reserve that is is about to raise rates but in reality the economy is so weak that it cannot withstand even a tiny interest rate hike, says Peter Schiff.

Oct 27, 2015

Economic Indicators Suggest A Recession Is On The Horizon


Peter Schiff sees a strong deterioration in the economic data and that suggests that a recession is on the horizon. Wall Street is loving it because that means interest rates will stay at zero and there is likely even more monetary stimulus on the way.

Tickers: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ),  Apple (AAPL), Facebook (FB)

Oct 26, 2015

Leading Economic Indicators: Biggest Drop In 3 Years


Peter Schiff highlights the drop in the Leading Economic Indicators as we may be getting closer and closer to a new economic recession.

Tickers: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM)

ECB: Will They Really Expand QE Or Taper It Off?


Draghi said in the press conference that they talked about expanding their QE program. They were trying to talk the Euro down and they may even taper QE in the future.

Related indexes: Dax Index, Eurostoxx 50 Index, Cac 40 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.

Oct 23, 2015

Gold Stocks Are At Ridiculous Low Levels


Peter Schiff considers that gold stocks are very cheap and that they are currently trading at ridiculous low levels.

Related stocks:  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.

Oct 21, 2015

The Bullish Case For Gold


The investment thesis that kept investors away from gold are reversing and investors will soon be fearing QE4 and that is very bullish for gold.

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

Oct 20, 2015

Negative Interest Rates


The Great Recession started with interest rates at 5 percent, so they had plenty of room to lower them before they did QE. But when this greater recession is about to start and interest rates are at zero at the beginning, so what are they going to do? Negative rates might be the only thing they can think of.

Oct 19, 2015

Federal Reserve: For How Long Will They Be Able To Keep Playing This Game?


When will the markets figure out the game the Federal Reserve is playing?

Trading tickers: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM)

Oct 16, 2015

Wal-Mart (WMT): A Super Bear Market

Wal-Mart (WMT) got clobbered. The stock was down 10 percent on the day, one of the biggest down days in the history of Wal-Mart (WMT). And in fact if you look at where the stock is today, it is down 33 percent form its 52-week highs. 33 percent! Remember a bear market is down 20 percent, so this is a super bear market.

And we could be down another 10 dollars. It is trading at 60 dollars now, I think Wal-Mart (WMT) can go to 50 dollars pretty quickly. I am not giving any stock recommendations, I am not telling you to short Wal-Mart (WMT) but if I am right and it goes to 50 dollars that is where it was 10 years ago!

Oct 15, 2015

The Economic News Are Getting Worse and Worse


Peter Schiff discusses the economic outlook and how the Federal Reserve will play the game.

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

Oct 13, 2015

The Experts Are Wrong On The Economy

I think a lot more economic data will come out before the general public can accept that I am right. Not really the general public but the so-called "experts" on the economy. The same experts that basically said that there was a 90 percent chance that the Federal Reserve was going to raise rates by December. I was saying that the chance was close to zero and now that we got this horrible jobs report, the experts are changing their forecasts and now they are saying, now that we got this new information maybe the Federal Reserve will wait until March.

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

Oct 12, 2015

Gold And Silver Are Still Cheap

Peter Schiff expects gold to break higher soon. Gold and silver are not only cheap compared to where they have traded in the past but especially to where they might trade in the future.

Reading tickers: 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.

Oct 9, 2015

The Fed Will Not Raise Rates And That Is Bullish For Gold


The Federal Reserve will not be raising interest rates anytime soon and that will be very bullish for gold and silver. Even Goldman Sachs (GS) is now expecting the Fed to raise rates only in...2017!

Trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), Goldman Sachs (GS)

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

Oct 8, 2015

QE4 Will Be Super Bullish For Gold & Silver



Peter Schiff explains why QE4 will be super bullish for Gold and Silver.

Related trading tickers: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), Hecla Mining (NL), 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.

Oct 7, 2015

Gold Will Break Higher


Gold is currently in a trading range but it will break higher following Silver`s lead.

Trading tickers: 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.

Oct 6, 2015

The Federal Reserve Will Be More Dovish Going Forward


The Federal Reserve will get more and more dovish as we go forward.

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

Oct 5, 2015

Employment Report: What It Really Shows


This Employment Report is the missing piece of the economic puzzle that shows that the U.S. Economy is nowhere near as strong as the Federal Reserve is pretending.

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 Final Missing Piece Of The Economic Puzzle

The Employment Report that we got was one of the weakest reports relative to expectations that we  have had in years. And I think this may be the final missing piece of the economic puzzle that really shows the mainstream that the economy is nowhere near strong as everyone including the Federal Reserve is pretending.

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

Oct 1, 2015

Icahn: Bubbles In The Stock Market, Real Estate & Art


Peter Schiff agrees with Carl Icahn that there is a bubble in the stock market, a bubble in the real estate market and even a bubble in the art market. The Federal Reserve is to blame for inflating these asset bubbles.

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

Sep 29, 2015

China, Other Countries Will Sell U.S. Treasuries

I think the Chinese are smart. They have a lot of U.S. Treasuries and they want to get rid of them. And I think it is not just China. You have countries all around the world that have loaded up on U.S. Treasuries. They are going to sell.

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 Moving Out Of U.S. Treasuries


China is moving out of U.S. Treasuries and many other countries that have loaded up on U.S. Treasuries will likely follow.

Tickers: 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.

Sep 28, 2015

Interest Rates: Everyone Addicted To Zero

The easy part is to bring rates to zero, any central bank can do that. The impossible part is to lifting them back up again once you have got everyone addicted to zero interest rates.

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

It`s Impossible To Lift Rates From Zero


The easy part is to cut interest rates to zero. The impossible part is to raise them back up.

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

Sep 25, 2015

The Stock Market Needs QE4 Not To Fall


The Federal Reserve will only be able to prevent a bear market in stocks if they launch QE 4. Without air, this bubble will just deflate.

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 New Financial Crisis?

The U.S. Economy is sicker than ever thanks to the Federal Reserve. If the Fed were to actually deliver on the rate hikes that everybody think are coming we would have a worse financial crisis than in 2008.

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 Sicker Than Ever


If the Federal Reserve goes ahead with an interest rate hike we will have another financial crisis, says Peter Schiff.

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

Sep 24, 2015

This Economy Is Rapidly Decelerating


The U.S. Economy is rapidly decelerating as the economic data as been getting worse and worse.

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

Sep 23, 2015

Just Keeping Rates At Zero Is Not Enough To Support This Market

We are stuck at zero rates. This is a gigantic bubble and the last thing the Federal Reserve wants is to prick it. But the air is coming out all by itself, just keeping rates at zero is not enough to support this market. The market unfortunetely is going to want another dosage of Quantitative Easing and that is exactly what Janet Yellen is going to deliver to the detriment of the real 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.

Markets: This Is A Gigantic Bubble


Keeping rates at zero is enough to keep the stock market up. The market will soon demand another dosage of Quantitative Easing.

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

Sep 22, 2015

The Excuses To Launch QE4


A weakening U.S. Economy and turmoil overseas will be the excuses for the Federal Reserve to launch QE4.

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

Sep 21, 2015

Podcast: The Federal Reserve Is Going To Lose Control


Peter Schiff explains how the Federal Reserve is going to lose control of this process and it is going to create an even bigger market crisis than in 2008.

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 Be Forced To Raise Rates

When I say the Fed is never going to raise rates, I am talking about on its own terms, because the Fed wants to. I know that eventually they are going to have to. See, that is another difference between me and Yellen, or something that Yellen does not understand.

I know that at some point the Federal Reserve is going to lose control of this process and they are going to have to raise interest rates. And then it is going to be a complete catastrophe, it is going to be much worse. The crisis that the Fed is trying to avoid by keeping rates at zero is going to be much bigger when it is ultimately forced to raise them from zero and of course it is going to have to raise them much higher because it has waited so long.

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

Sep 19, 2015

Interest Rates At Zero Forever?!

In the Q&A that immediatelly followed the official announcement Janet Yellen admitted that she could not rule out the possibility that interest rates would stay at zero forever!

Trading Tickers: 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.

Sep 18, 2015

Podcast: Interest Rates At Zero Forever


Janet Yellen actually admitted that interest rates could stay at zero ...  forever.

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

Sep 17, 2015

The Reason Why The Fed Will Not Raise Rates Today


Peter Schiff explains in simple terms why the Federal Reserve is not likely to raise interest rates later today in the most anticipated FOMC meeting in many years.

Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), 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.

Sep 16, 2015

Why Is The Fed So Worried About Raising Rates?

That`s what they are worried about. They are worried about pricking it. That is the serious error that this former Yellen aid is talking about. It`s a recognition that this economy is a bubble and that it will be an error to prick that bubble.

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

Fed Meeting: Odds Are That They Will Not Raise Rates


Peter Schiff does not expect the Federal Reserve to raise interest rates this week in a highly anticipated Fed meeting.

Tickers: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Sep 15, 2015

Federal Reserve: Plenty Of Excuses Not To Raise Rates


Peter Schiff highlights the roll of excuses that the Federal Reserve may come up with to not raise interest rates later this week.

Tickers: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), 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.

Sep 14, 2015

Why The Fed Does Not Want To Raise Rates

As long as the Federal Reserve is willing to bluff, as long as the Fed is able to pretend that they can raise interest rates, then everybody can pretend that what the Fed did work. But the minute they raise interest rates and prove that the economy cannot withstand higher rates then they expose everything and that is why they do not want to do it.

Tickers: SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), 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 Federal Reserve Will Have To Do QE4 Regardless

The Federal Reserve will have to do QE4 regardless. Even if they get interest rates to 0.50% and then the next recession starts. There is not a lot of ammunition. Normally when there is a recession the Fed is at 5.00%, they have a long way to reduce interest rates. Going from 5.00% to zero is a much bigger Keynesian stimulus than going from 0.50% to zero.

I think if they raise interest rates and then they have to go to zero they will look like fools.

Tickers: Select Sector Financial Select Sector SPDR ETF (XLF), 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.

The Bursting Of The Auto Bubble: Ford (F), General Motors (GM), Tesla (TSLA)


With the inventory to sales ratio at recession levels in the auto industry we may be just witnessing the bursting of another bubble, the automobile bubble.

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.

Sep 13, 2015

Stock Market: Increasing Volatility Likely Showing A Change In Trend


The recent surge in volatility is likely to be indicating a change in the stock market`s trend.

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

Sep 11, 2015

Stock Market: Don`t Fight the Fed


Peter Schiff explains why the stock market still has a long way to go on the downside.

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: Volatility Signals A Change In Trend


Peter Schiff sees the rising volatility in the stock market as a signal that the trend has changed.

Tickers: iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Futures, 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.

Sep 9, 2015

A Bear Market & The Resuming Of The Financial Crisis

Peter Schiff explains what he sees ahead for the stock market and the U.S. Economy.

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

Sep 8, 2015

We Are Going To Have A Bear Market If...

We are going to have a bear market if the Federal Reserve continues to maintain their pretense that it is about to raise interest rates wether its in September, October, December... As long as that is overhanging in the market, the market is going 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.

Peter Schiff: "U.S. Dollar: Interest Rate Hike Is Priced In"


Peter Schiff considers the U.S. Dollar may indeed trade down even if the Fed raises interest rates next week.

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

Peter Schiff: Why The Stock Market Is Likely To Trade Lower


If the Federal Reserve keeps insisting in raising interest rates then the stock market is likely to be heading 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.

Sep 7, 2015

Global Investing: The Safe Havens


Peter Schiff still sees better opportunities to invest abroad and he highlights some safe haven countries.

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, Recession and Interest Rates


Peter Schiff on why the U.S. Economy is likely to be entering recession and at the same time the Federal Reserve is threatening to raise interest rates.

Trading tickers: Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Sep 6, 2015

U.S. Treasuries Under Pressure


Peter Schiff explains why U.S. Treasuries will likely be under pressure going forward.

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

Sep 4, 2015

Bigger Problems Than In 2008


Peter Schiff on interest rates, monetary policy and the resuming of the financial crisis.

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: The Lift Off


Peter Schiff on why gold is getting ready to rally.

Tickers: Newmont Mining (NEM), 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.

Sep 3, 2015

Peter Schiff: What The Stock Market Needs


Peter Schiff explains why the stock market has been under pressure and what needs to happen for the market to rally again.

Tickers: Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM), Nasdaq 100 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.

Sep 2, 2015

Peter Schiff: Surfing The Waves Of Cheap Money


Peter Schiff explains that with the economy slowing down, corporate profits going down and the Federal Reserve threatening to remove liquidity, there is no reason to own stocks. That may change if the Federal Reserve launches QE4.

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

Sep 1, 2015

Podcast: Stock Market Correction, Bear Market


The Federal Reserve is playing  with fire and if they don`t remove the interest hike off the table this stock market correction will soon turn into a bear market.

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

Aug 31, 2015

Wall Street Is Wrong About Gold


Peter Schiff explains why Wall Street is wrong about Gold and why it is about to rally further.

Trading: 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.

Gold To Continue To March Higher


Peter Schiff explains why he expects Gold to continue to rally.

Trading: 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.

Aug 30, 2015

Podcast: Bear Market, Defaults, Financial Crisis


Peter Schiff explains the implications of a Federal Reserve interest rate hike in asset prices.

Trading Tickers: SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Nasdaq 100 Futures, E-mini S&P 500 Index 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.

Higher Interest Rates Will Not Hurt Gold


Peter Schiff explains why an interest rate rise by the Federal Reserve will not hurt gold and it may even prove to be very bullish for gold prices going forward.

Tickers: Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), NovaGold (NG), 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.

Aug 28, 2015

The Federal Reserve Has Never Raised Rates With The Economy Weakening


The Federal Reserve has never raised interest rates in this kind of economic environment. With a weakening economy, an interest rate rise may send the economy straight into recession.

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 Correction May Turn Into A Bear Market


If the Federal Reserve insists on raising interest rates, the stock market correction will soon turn into a bear market.

Tickers: Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Aug 27, 2015

Podcast: We Are Resuming The Financial Crisis


We are resuming the financial crisis as the Federal Reserve removes the punch bowl away.

Tickers: Nasdaq 100 Index ETF (QQQ), 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.

Aug 26, 2015

QE4 Will Blow Back Some Air Into The Stock Market Bubble


The Federal Reserve will reverse course and launch QE4 to blow back some air into the stock market bubble.

Tickers: Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ), E-mini S&P 500 Index Futures, 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.

Aug 25, 2015

Why Gold Has Not Surged Yet


Peter Schiff explains the reasons why Gold has not surged yet and what the catalysts will be for a big rise in Gold prices.

Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), 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.

Podcast: China`s Crash, U.S. Markets & Interest Rates


The U.S. markets are not going down because of China. China and the global markets are going down because the Federal Reserve is threatening to raise interest rates.

Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), iShares FTSE/Xinhua China 25 Index ETF (FXI)

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

Aug 24, 2015

This Decline Is Not About China


This decline is not really about China, it is all about the Federal Reserve.

Tickers: iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), iShares FTSE/Xinhua China 25 Index ETF (FXI)

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 Has To Go Down


Peter Schiff shares his views on the current stock market sell off.

Trading: Nasdaq 100 Index ETF (QQQ), 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.

Aug 23, 2015

Podcast: Why Is The Stock Market Going Down



With extremely high valuations, a slowing economy, earnings going down and the Federal Reserve threatening to raise interest rates, why would`t the market trade down?

Tickers: Nasdaq 100, S&P 500 Index, U.S. 10 year Treasuries

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

Are We Going To Have An Even Bigger Market Drop On Monday?


This ell-off could precipitate an even bigger market drop on Monday as this pattern is similar to the one on October`s 1987 crash.

Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Facebook (FB), Tesla (TSLA), Apple (AAPL), Netflix (NFLX)

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

One Third Of S&P 500 Stocks Are Already in Bear Market Territory


Peter Schiff comments the ongoing sell-off on the U.S. stock market.

Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Aug 21, 2015

The Stock Market Will Just Keep Falling Until...


The stock market will just keep falling until the Federal Reserve comes out and says, "We are not going to raise interest rates."

Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Netflix (NFLX), PaloAlto Networks (PANW), citigroup (C), Bank of America (BAC), Facebook (FB)

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

Podcast: Getting Ready For A Recession


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

Aug 20, 2015

Gold: Have We Seen The Low For This Cycle?


There is strong evidence that Gold has made the low for this cycle.

Tickers: 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.

Podcast: China, U.S. Economy & Market Crisis


Peter Schiff explains why the Chinese economy is far more powerful and dynamic than the U.S. Economy and why we may be on the verge of a new financial crisis.

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

Aug 19, 2015

Podcast: QE4 Will Sink The U.S. Dollar


Peter Schiff explains that QE4 will probably be the catalyst that will sink the U.S. Dollar.

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

Podcast: The Next Recession


As the next recession is about to hit the U.S. Economy how will the Federal Reserve be able to ever raise interest rates?

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

Aug 18, 2015

Get Out Of The U.S. Dollar, Buy Foreign Assets


Peter Schiff on how to take advantage of the recent U.S. Dollar strength.

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 Buying Gold On Weakness

China is taking advantage of the recent weakness in gold to buy more.

Trading: 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.

On The Verge Of A Financial Crisis


We are on the verge of a new financial crisis worse than 2008 and it will take the form of a currency crisis.

Tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.

Aug 17, 2015

China: The Economy Is Not Failing


The Chinese economy is not failing, it is in better shape than the 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.

Aug 15, 2015

The U.S. Bubble Is Set To Burst


Peter Schiff explains the full ramifications of the recent Yuan devaluation. One of them is that the U.S. Dollar bubble is set to burst.

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

Aug 13, 2015

Podcast: China, U.S. Treasuries and Gold


Peter Schiff explains why China may keep reducing its holdings of U.S. Treasuries and why they are secretly buying Gold.

Tickers: 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.

Aug 12, 2015

The U.S. Dollar Is The Mother Of All Asset Bubbles

Ultimately when the U.S. Dollar really goes into free fall and the Federal Reserve is forced to do something about it, that is when all the other bubbles are going to prick. When the Federal Reserve is finally forced to raise interest rates.

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

Aug 11, 2015

Video: Markets Are Going To Be Under Pressure


Tickers: 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.

Stock Market: Major Topping Pattern



Peter Schiff explains why he is seeing a major topping pattern in the U.S. stock market.

Trading tickers: Tesla (TSLA), Disney (DIS)

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

Aug 10, 2015

Story Stocks Are Performing The Best


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 Yellen Going To Raise Rates?

If Janet Yellen is true to her words and she says she is data dependent, well based on all of the data, she is not going to raise interest rates. The only way she is going to raise rates is if she ignores the data and raises them anyway.

Trading tickers: 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.

Aug 7, 2015

Federal Reserve: Preventing Real Economic Growth


Peter Schiff explains why the Federal Reserve is preventing real economic growth in the U.S. Economy and why it is responsible for the misallocation of assets that is cause asset bubbles in stocks, real estate and bonds.

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

Aug 5, 2015

Gold: Speculation & Physical Demand


There is a dichotomy between the speculation in gold and the demand for gold in the physical market.

Trading tickers: 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.

The Stock Market Looks Very Toppy


The U.S. Economy is slowing down even more than China`s economy and the stock market in the U.S. is looking very toppy.

Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Apple (AAPL)

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

Aug 3, 2015

U.S. Economy: Slowest Growth Of The Entire Recovery


The U.S. Economy is now showing the slowest growth rate of the entire so-called economic recovery.

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 & Wall Street Are Too Optimistic About The U.S. Economy


Peter Schiff explains why the Federal Reserve and Wall Street are way too optimistic on the U.S. economic growth.

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

Jul 30, 2015

The U.S. Dollar Is The Mother Of All Bubbles


Peter Schiff is currently seeing asset bubbles in stocks, bonds, real estate and in the U.S. Dollar.

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

Jul 29, 2015

An Asset Bubble So Big That The Fed Cannot Raise Rates


Peter Schiff explains why the Federal Reserve is so reluctant to raise interest rates even by 0.25%.

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

Jul 28, 2015

Where Is The Economic Recovery? All Indicators Are Pointing Lower!


Peter Schiff gives his current assessment of the strength of the 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.

Another Indication Of Economic Weakness


Peter Schiff explains why the earnings miss at Capital One (ONE) may be indicative of a weakening 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.

Capital One (ONE): Signs Of A Weaker Economy?

The Dow Jones Industrials just had its worst week since January. We closed the week at 17,568, down 518 points on the week. Friday`s drop alone accounted for 163 points.

An interesting corporate earnings news item that came out on Friday was Capital One (COF). They are one of the nation`s largest issuers of credit cards. And if the U.S. Economy was really doing as well as everybody pretends it is you would expect credit cards companies to be doing well because people have jobs, the economy is growing so the users are not falling behind on their credit cards. In fact they would be using more their credit cards to buy more things because they feel better about the economy, they are willing to spend more. So everything should be going well at Capital One (COF). Instead they came out with a huge earnings miss, the shares plunged by 12 percent!

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

Jul 24, 2015

We Have A Bubble Not A Recovery


Wall Street is assuming we are having a legitimate economic recovery. What we have is a bubble.

Trading tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Podcast: Gold, Currencies & The U.S. Stock Market


Peter Schiff explains why he thinks the U.S. Stock market is dangerous now than it was in 2000 and why you should prefer Gold to other fiat currencies like the U.S. Dollar, the Japanese Yen or the 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.

Jul 23, 2015

Podcast: When Will Gold Take Off?


Peter Schiff explains on under which conditions in the future will gold explode higher.

Trading Tickers:

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. Stocks Are Very Expensive

I do think U.S. stocks are very expensive and in fact it does remind me of the 1990`s bubble. And what is happening right now with gold reminds me of what was happening during the dot com bubble.

Remember we had a vicious bear market in Gold from 1996 to 2000. and it was the opposite of the New Economy. Everybody had faith in Alan Greenspan, the Maestro, they believed in the new era and gold got crushed, gold stock got crushed. The Wall Street Journal came out with an article, or the New York Times, "Who needs gold when you have Alan Greenspan?"

Well, we know how badly it ended. Everybody needed Gold, then Gold was up 650 percent in the next 12 years. So I think people are making the same mistake now.

Trading tickers: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.

Jul 22, 2015

This Is a Bigger Bubble Than The DotCom Bubble


This is a bigger bubble than the DotCom bubble.

Trading Tickers: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Wall Street Thinks There Are No Reasons To Own Gold


Wall Street thinks there are no reasons to own Gold. They are wrong.

Trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), 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.

Why Does China Want To Get The Price Of Gold Down?


Why does China want to get the price of Gold down? Because they want to buy more!

Trading tickers: SPDR Gold Trust ETF (GLD), 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.

Jul 21, 2015

Video: Gold`s Sudden Drop Explained


Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), 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.

Impossible To Raise Interest Rates Without Hurting The Economy

Think about this, if Janet Yellen is saying, we are only going to raise interest rates if we can do it without hurting the economy, then she is admitting that they are never going to raise interest rates because it is impossible to raise interest rates without hurting the economy. Especially given how long they have been at zero.

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

Jul 20, 2015

Canadian Dollar: Why Is It Falling?

The reality is interest rates in the United States are still below interest rates in Canada and I think they will remain below interest rates in Canada for 2016 as well.

Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.

So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.

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

Interest Rates Going Up Will Result In A Financial Crisis

You have a bunch of people who believe that a bubble is a recovery. The same people that did not know about the dot com bubble in the 1990`s or the real estate bubble. They believe that what the Federal Reserve has inflated is a legitimate recovery. It is not.

Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is not.

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

Blog Archive