Oil Prices Are Going Higher

We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.

Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);

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

What`s Driving Oil Prices Higher?

Tensions in Iraq are driving up the price of oil. Don't get mad, get in on it - as I have often advised.

Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)

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 Are Riding The Wave Of Cheap Money

The markets are driving the wave of all the cheap money. That`s what is driving the markets.

But it is not a healthy rally because the only reason that stocks are going up is just that the value of our money is going down.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ),

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