U.S. Economy: What Will Happen To Growth When Interest Rates Rise?

Topics: U.S. Economy outlook, zero percent interest rates and QE;

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

U.S. Economy: Going Back Into Recession

We are just going back into recession in the United States and it is not just that the Federal Reserve is not going to raise rates, they will have to do QE4 to keep us out of recession. Of course they should not do it, they should allow the recession.

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

Economic Forecasting: Central Bankers Make The Weathermen Look Good

Topics: Central Banks are not good at economic forecasting;

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

Wall Street Is Bearish On Gold

Topics: Wall Street strategist are mostly bearish on Gold but the precious metal will probably keep on rallying;

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

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

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

Gold Prices About To Hit All Time Highs In Many Major Currencies

Topics: A gold bull market in almost every major currency except the U.S. Dollar;

Related trading instruments: 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.

Central Banks Are Hoarding Gold And Silver

Topics: Central Banks are hoarding gold and silver;

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Related stocks: 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.

Wall Street: Weak Corporate Earnings and Bad Economic News

Topics: Earnings season and weak economic data;

Related stocks: Microsoft (MSFT), Caterpillar (CAT), Procter & Gamble (PG)

Related exchange trade funds: 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.

U.S. Economy: Durable Goods Orders Collapsed

Topics: A weakening U.S. Economy;

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

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

European QE Will Result In Slower Economic Growth

Topics: analyzing what the end result of the European QE will be;

Related indexes: Dax Index, CAC 40 Index, Eurostoxx 50 Index;

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

Gold: Up More Than 10% In 2015

Topics: A bullish move on gold prices

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

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

Gold Is Surging In Euros

Topics: Gold is surging against the Euro

Related trading instruments: EURUSD forex cross, 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.

QE Will Raise Poverty In Europe

Topics: The European Central Bank (ECB) launches the QE program;

Related indexes: CAC 40 Index, DAX Index, Eurostoxx 50 Index;

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

Obama Is Taking Credit For An Economic Recovery That Does Not Exist

Topics: State of the Union address, U.S. economic recovery;

Related ETFs: 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.

You Never Want To Win A Currency War

How many more dollars are the Chinese going to buy before they give up, just like the Swiss, before they surrender? And when you surrender in a currency war, your people is victorious, they win. You never want to win a currency war. You want to lose. Unfortunately a currency war is the war the Americans are going to win, to our own detriment.

Related trading instruments: Swiss Franc, Chinese Yuan, 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.

European Deflation Fears: A Simple Solution

Topics: ECB`s quantitative easing program, European deflation worries;

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

Swiss Franc Episode: This Is A Lesson

This is a lesson in why central banking does not work, that these types of monetary policies are doomed to fail, that the central banks were trying to swim against the tide and eventually they had to give it up. And this is going to happen with all these managed exchange systems. In fact, Switzerland is a small microcosm of the bigger peg-relationships that are going to end and when they do it will be much more spectacular. This was a tremor. When the Chinese decide to abandon their peg both for the Hong Kong dollar and the Yuan, that is going to be a 10.0 on the Richter scale of economic activity. It is going to be huge!

Related trading instruments: Swiss Franc, EURCHF, Euro Currency, Hong Kong Dollar, Chinese Yuan

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: Philly Fed Crashed To 6.3

Topics: The deterioration of the U.S. economic recovery; Philly Fed Index comes below expectations;

Related trading instruments: 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)

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

U.S. Economy: More Bad Data

Topics: The strength of the U.S. Economy; Rising Initial Claims mean less job creation going forward;

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Market Update: Gold, Stock Market

Topics: The state of the U.S. Economy, gold prices and the stock market.

Related exchange traded funds: SPDR Gold Trust ETF (GLD), 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.

Chinese Gold Demand Picks Up

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

Topics: Gold demand;

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

What Will Happen To Stocks When The Fed Raises Rates?

Topics: Will the Federal Reserve raise interest rates in 2015?

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)

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

Gold Stocks Are Leading The Market

Gold continued to trade very well through out the week. It finished in another positive note, we are above 1220 in dollars.

Gold stocks were extremely strong on the day, on the week, leading the markets thus far in 2015. In fact it is one of the only sectors, maybe the only sector that is actually positive on the year.

Despite the big run up we had on Wednesday and Thursday, we did give back a lot of that on Friday and its still been weak thus far in 2015 for stocks.

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

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

U.S. Economy: Auto Loan Default Rates Are Rising

Topics: Auto loan default rates are now at the highest level in 6 years;

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

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

Oil Crash May Be A Sign Of Things To Come

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

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

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

Gold Is In A Bull Market In Just About Every Currency

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

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

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

Oil Prices Were Propped Up By The Federal Reserve

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

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

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

Services PMI Drops For The Sixth Consecutive Month

Topics: U.S. Economy, Economic Data;

Related trading instruments: 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.

Wall Street Is Not Understanding Why Oil Prices Are Crashing

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

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

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

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

A New Gold Bull Market In Euros & Swiss Francs

Related topics: Gold bull market;

Related currencies: Euro Currency, Swiss Franc;

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

U.S. Economy: Is The Weak Data A Prelude To An Actual Contraction?

All of the coverage that I am hearing on the news about the economic numbers coming in weak is all, "the glass is half full." People are saying, "oh, well, the numbers are lower than we expected but the economy is still growing. Yes, it is growing a bit more slowly than we thought but it is still growing."

Well, if we are going to go from growth to contraction, we have to slow down first. Yet everybody is assuming that these trends that are now entrenched are not going to continue. If you see a sharp decelaration in growth, how do you think it is not a prelude to an actual contraction?

Related exchange trade funds: Select Sector Financial Select Sector SPDR ETF (XLF), 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.

U.S. Economy: More Bad Data

Related topics: U.S. Economy Outlook, ISM Manufacturing Index;

Related exchange traded funds: 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.

Why The Fed Can`t Raise Interest Rates

The only way that we can avoid the inevitable is to keep creating inflation and to continue to blow air into the asset bubbles that undermine real economic growth. So, right now the Federal Reserve is unwinding QE3 and they are pretending that they are going to raise interest rates. But they actually cannot do that because of the enormity of the debt that we have. If interest rates actually went up, we would lack the ability to pay. We cannot service the debt at a normal rate of interest. The Federal Government cannot do that. And so, ultimately what is going to happen is the Fed will end up doing QE4, rather than raising interest rates, they are going to do more stimulus.

Related exchange traded funds: 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.