When The Market Realizes There is No Exit Strategy

The whole recovery theory that the Federal Reserve is basing the taper on is the wealth effect from rising asset prices. But we can`t have rising asset prices without even more support from the Federal Reserve. So, when the market realizes this, that there is no exit strategy, that it is cheap money forever, then it is going to be more than 85 billion a month of QE. Then you are going to start to see a huge increase in the price of gold as you get tremendous downward pressure on the 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.

The Trend In The Market Is Down

The market isn`t going to rebound in a meaningful way. We could get a rally but the trend in the market is going to be down until the Federal Reserve comes out and reverses its taper talk because the markets need ever increasing quantities of cheap money.

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: Good Things To Come For The Balance Of 2014

I don`t know where it`s going to be at the end of the year. My guess is that is going to be higher, I think it could be much higher. I think that the outperforming of gold in January can accelarate through the end of the year. I don`t think January is necessarily a head fake, I think it could be a good harbinger for things to come for the balance of 2014.

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