We're near the end of the game and unfortunately Trump's gonna be the fall guy. This thing is all gonna collapse while he's President and he owns the stock market bubble and he and the Republicans own the economy now thanks to these tax cuts. They're not gonna make any difference but they are gonna give the Democrats a reason to blame it all on Trump and the Republicans. We are getting closer to this collapse.
Jan 29, 2018
The US Economy Is Going To Blow Up
"The economy is gonna blow up but you know, it's gonna blow up like a bomb!" - Peter Schiff, in InfoWars (January 2018)
Jan 19, 2018
Why Wall Street Is Wrong About Gold Stocks
Peter Schiff in a recent article explains why Wall Street is wrong about gold stocks:
"When they see the price of gold going up, they’re like, ‘Well, why is the price of gold going up? I mean, what’s the point. The economy is great. There’s no inflation. The Fed is raising rates. Nobody’s buying gold. If it’s going up, it’s just going to go down.’ And so nobody sees the urgency to buy gold stocks the way they see the urgency to maybe buy oil stocks. But this is because they’re wrong. They think there is nothing to worry about. There is everything to worry about. There are so many things – there have probably never been more things to worry about. And the crazy thing is people aren’t worried about any of them. It’s probably because of the mania, because of the bubble. When you get into that mentality, nothing worries you.”
Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX)
Stock Market: The Hidden Risks
In a recent article with Seeking Alpha, Peter Schiff highlights the hidden risks that might disrupt the stock market in th near future:
"Everybody thinks the economy is in great shape because they think the Fed solved the problem. No, they didn’t. They made the problem much worse! They made the problem that they created worse. But the people who think they solved it are the same people who didn’t understand it before. And they got blindsided in ’08 and they’re going to get blindsided again because they never learned from their mistakes.”
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Jan 16, 2018
Inflation Is Bullish For Gold
The stock market
should be affected by higher interest
rates but no, they don't care but they
somehow think it's going to be bad for
gold. But the reality is higher inflation
is great for gold, that's why people buy
gold as it's a hedge against inflation. So
the more inflation the more demand there
is for gold.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD)
Jan 12, 2018
Stock Market: Heading For A Crisis
This is
the best start since 2006 and of course
people who were buying stocks in 2006
had no idea of the magnitude of the
financial crisis that would hit the
market in 2008 well the same people are
even more clueless today because the
crisis that we're heading for is going
to be much much bigger much worse than
the one in 2008. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))
Jan 8, 2018
Crude Oil: We Can See $80-100 This Year
I've been talking about oil
prices going up on this podcast. This is the highest oil has closed over two
years and if we get above 62.75 which
is less than a dollar away that would be
the highest closed in oil since December
of 2014. But it was all between July of
2014 in December that oil prices
collapsed from above $100 a barrel to
down below 40 and so I think once we get
above 63 for example, I think we got
clear sailing up to 80 to $100 oil and I
think we can do that this year!
Jan 5, 2018
The Implications of the US Dollar Weakness
On a recent tweet, Peter Schiff highlights the recent moves in crude oil and gold and the implications of the US Dollar weakness going forward:
"Gold closed above $1,300 an ounce for the 1st time in 5 years, oil closed above $60 per barrel for the 1st time in 4 years, and the U.S. dollar fell the most in 14 years. Interesting that no one is worried about what this implies for inflation or interest rates in 2018!"
Related: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures
Jan 2, 2018
US Stock Market: This Never Happened Before In History
I think this is the first year that the
Dow Jones Industrials Average (DJIA) has ever gained 5,000 points in a
single year. In fact, the Dow Jones was up every
month of 2017. That's never happened
before in history.
In fact, we've
gone 14 consecutive months without a
decline and not only were we up
every month but 2017 represented the
lowest year ever of stock market
volatility meaning that even though the
market was going up it barely ever went
down so it never made anybody nervous.
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY)
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2018
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January
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- US Economy: Closer To A Collapse
- The US Economy Is Going To Blow Up
- Why Wall Street Is Wrong About Gold Stocks
- Stock Market: The Hidden Risks
- Inflation Is Bullish For Gold
- Stock Market: Heading For A Crisis
- Crude Oil: We Can See $80-100 This Year
- The Implications of the US Dollar Weakness
- US Stock Market: This Never Happened Before In His...
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January
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