Greenspan Expects Stagflation, Bullish On Gold Prices

Alan Greenspan is very bullish on the price of gold. He talked favorably about the price of gold. Yet the one thing that Greenspan still does not want to do is to accept any responsibilities. He does not want to accept the blame for all the bad things that he now thinks are coming. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Inflation Has Already Surpassed Yellen's Target

Year over year CPI (consumer Price Index) is now up 2.50%. That is the official number, obviously prices are going up a lot faster than that. But according to the government they are going up at 2.50%. If you take out food and energy and just look at the core, year over year changes 2.30%. 

Remember the Federal Reserve says their target is 2%. And when Yellen testified this week she said she was confident that we are going to hit it. Well, we are already surpassing it! (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Markets: Gold Miners, Australian Dollar

The Market Vectors Junior Gold Miners ETF (GDXJ), an index of junior gold miners it is up 33 percent this year! And meanwhile the U.S. Dollar is starting to go down, it`s not down that much against the Euro but look at the Australian Dollar for example, it is up 6 percent so far this year against the U.S. Dollar. 

Stock Market: The Energy Rally Still Has Legs

I have a lot of energy related stocks in my portfolio. This energy rally (oil and energy related stocks), I think still has room to continue. On the contrary, the recent rally in financials is probably just a suckers rally. I am sticking stick with the energy related stocks, I am sticking with the miners. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Energy Select Sector SPDR ETF (XLE))

Gold: We Will Have A Bull Run Next Year

I think we will have a big bull run next year. I think next year gold will finish the year strong as opposed to having this Trump related sell-off. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

Gold Will Rally in 2017

We are going to get more inflation but it is not a negative for gold, it is a positive for gold. And the markets were wrong about gold at the end of last year, they sold it off when the Fed raised interest rates,, gold bottomed out in January and then had a huge run. We are going to have another big run next year but next year gold is going to finish the year strong. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

Commodity Prices Are Going To Rise

I think that you are going to see a move up in commodities because of increased inflationary pressures brought by central banks all around the world. There will be a lot more inflation and commodity prices are going to rise substantially as paper currencies lose value. (Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Nymex Copper Futures, iShares Silver ETF (SLV))

The Bearish Gold Narrative Is False

What people are saying is that because we are going to have a higher inflation, the Federal Reserve is going to have to raise interest rates to fight that higher inflation and those higher interest rates will be bullish for the U.S. Dollar and a strong dollar is going to hurt gold prices. But even if we do get one or two interest rate hikes over the next several years, that will not be sufficient to restrain the inflationary forces that will be building in the economy.

So even if interest rates go up slightly, inflation will go up much more and so real interest rates in an inflationary environment will be falling and not rising and that is very negative for the U.S. Dollar and it is extremely positive for gold. (Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), NovaGold (NG))

Higher Inflation Is Bullish For Gold

The idea that higher inflation is somehow a negative for gold is completely wrong. I do agree that the markets are correct in that inflation will be increasing, especially given the stimulus that a Republican Congress and President Trump may in fact deliver. But that is a good thing for gold, not a bad thing for gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG))

The Only Thing That Is Bad For Gold

The only thing that is bad for gold is if Janet Yellen goes Paul Volcker and really decides to jack interest rates up so that real interest interest rates spike up. That would be negative for gold. Just a quarter point interest rate hike? The inflation is going to be rising faster than any Fed rate hikes. The Federal Reserve is going to be behind the curve the entire time. (SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Hecla Mining (NL))

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 False Narrative

People are still wedded to this narrative that the Federal Reserve is going to raise interest rates. Why?

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

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 Gold Went Down 40 Dollars In One Day

Apparently people still think the Federal Reserve is serious about raising interest rates because you had Jeffrey Lacker coming out this morning and saying that the Federal Reserve needs to be preemptive when it comes to inflation fighting, not really wanting for it to heat up. This is really absurd because if the Federal Reserve wanted to be preemptive it would have raised years ago and they would now be much higher than they are.

Again, I think this is all talk. But apparently the markets have not figures this out yet and gold went down 40 dollars because it thinks the Federal Reserve is about to raise interest rates. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), 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.

Potential For A Big Reversal in Gold Stocks (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold stocks were down another 5 percent but they are still way up on the year but we have seen a significant correction on the speculation that the Federal Reserve might raise interest rates, of course they might not.

We are going to have a jobs report on Friday and if it is really a weak report, all the rate hikes are completely off the table once again. So there is potential for a huge reversal if we get a really weak jobs number. (Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

Markets: Gold Is Going Up, The U.S. Dollar Is Going Down

Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.

So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

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: Gold, Gold Stocks & Emerging Markets

I think the Federal Reserve is getting ready to cut interest rates again, launch QE4 and the markets are just starting to figure this out, at least figuring out that the Federal Reserve is not going to raise interest rates.

Now the markets are pricing out all the interest rate hikes that were priced in. That is great for gold, for gold stocks, it is great for emerging markets. (SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Market Vectors Gold Miners ETF (GDX), iShares MSCI Emerging Markets Index ETF (EEM))

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.

Gold & The British Referendum

I think gold (SPDR Gold Trust ETF (GLD)) is going to go up regardless of the way the British vote. I think they should vote to leave but wether they stay or wether they go its not going to influence my decision wether or not I want to own gold. (Market Vectors Junior Gold Miners ETF (GDXJ), 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.

This Trade Is Just Getting Started

This trade is just getting started because the U.S. Dollar is falling and gold is rising when people still expect the Federal Reserve to raise interest rates. Imagine what is going to happen when they expect them to cut. (Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

Markets: I Am Not Short U.S. Treasuries

I am not short U.S. Treasuries but I am short the U.S. Dollar. I am long foreign assets, I am long foreign stocks, I am long gold stocks. Look how much gold stocks are up this year. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares MSCI Emerging Markets Index ETF (EEM))

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: Still In The Early Stage Of A Big Bull Market

I think this is still the early stage of a big, big bull market in gold mining stocks, so do not let the noise shake you out. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), NovaGold (NG), 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.