The Stock Market Has Not Been Going Up For The Past Year

The stock market and the economy are very different animals. A recession refers to economic activity or economic growth it does not matter what happens to the stock market.

Now, the stock market has not been going up for the past year and in fact if you look at the average stock, the average stock has been falling for two, two and a half years. In fact, I think better than 50 percent of all stocks in the S&P 500 Index are now down more than 20 percent from their peaks.

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. Elections & The Stock Market

Everybody likes to say "the markets hate uncertainty". What the markets like less than uncertainty is certainty when certain is bad and there is a lot of bad policy that is coming and that is a certainty. I also think we are back in a 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.

We Have A Bubble Economy That Needs Zero Or Even Negative Interest Rates

The economy never covered it actually got sicker thanks to the Federal Reserve which is the reason why the Fed cannot raise interest rates, the reason why when they tried to raise rates it was a complete failure!

Because it is the cheap money the only thing that is keeping this bubble economy going. We do not have a legitimate recovery that can withstand higher interest rates. We have a bubble that needs zero percent interest rates or even negative rates at this point and more QE.

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 Cannot Raise Interest Rates

The Federal Reserve cannot raise interest rates but cannot admit that. So it pretends that if inflation picked up they would do something about it but they will do nothing about it. It does not matter how high inflation goes, 2.5 percent, 3 percent, 4 percent , 5 percent...it does not matter.They Federal Reserve will stay at zero or practically at zero. They will not try to reign it in because if they tried they would cause a worse financial crisis than 2008. (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.

Gold Is Going To Move Into Much Higher Territory

Gold is not only going to re-test the highs from 2011 when it was close to 1900 but its going to surpass those highs and move into much higher territory. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Goldcorp (GG), 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.

Stocks, Gold & The Value Of Money

Stocks are not going up, the value of money is going down and gold proves that. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Any Meaningful Increase In Interest Rates Would Bankrupt The Country

We have so much debt in the United States particularly at the Government and the Fed itself and the debt is of so short term nature at the Federal level that any meaningful increase in interest rates would bankrupt the country.

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 Bullish Sign For Gold

If something does not go down on bad news, that is very bullish. The jobs report was bad news for gold and it rallied anyway. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX))

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

The U.S. Dollar Is Going To Fall Hard

The Dollar has already rallied for years based on a lie and a false understanding of the true state of the U.S. Economy and the direction of U.S. monetary policy.

The Dollar did not rally as a result of Brexit and the next thing it is going to happen is that it is going to fall, it is going to fall hard.

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 Strongest Currency On The Planet

The strongest currency on the planet is the Japanese Yen (JPY) which continues to rise every day. The only currency rising faster than the yen is gold or silver that is rising even faster than gold. (iShares Silver ETF (SLV), 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.

Bond Market : The Biggest Bubble Ever

This is a gigantic bubble. And again it is not just in the United States. I mean, Europe has a huge bubble, they have negative yields all over Europe on these bonds. So, from Japan to Europe, to the U.S. this is the biggest bubble ever, the bond market bubble and it is going to pop.

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 Very Powerful Rally

This is a very, very powerful rally. Gold stocks finished again at 3 year highs. The Market Vectors Gold Miners ETF (GDX) was up about 5 percent on the day.

Related stocks: 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.

Precious Metals: Silver And Gold Are Prepared To Move A Lot Higher

We now have confirmation from both metals (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)) that the markets are prepared to move a lot higher.

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