The Stock Market Is Going Down In Real Terms

Gold continues to rise, so in real terms the U.S. stock market is going down and in fact the U.S. Dollar is now declining and has been declining all year against almost all currencies in the world, so it is just an illusion that the stock market is going up. (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.