U.S. Economy: Could Be The Worst Shopping Season In Memory

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)

Related stocks: Apple (AAPL), Wal-Mart (WMT), Macy`s (M), J.C. Penney (JCP)

Topics: Holiday season, U.S. Economy;

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

Crude Oil Collapsing Like In 2009

I think the U.S. Economy is far weaker than the general consensus. I think we are headed into recession too, and that is why you see oil prices collapsing the way they did back in 2009.

But another factor that is exerting more downside pressure on oil is the widespread belief that the Federal Reserve is going to be tightening monetary policy which would even exacerbate the problem in the global economy, and of course the rising dollar that is resulting from the anticipation of higher interest rates, is also forcing oil prices lower.

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

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: Russia Will Get A Good Buy

Topics: Gold market outlook, Swiss Gold Referendum, geopolitics of gold;

Related Exchange Traded Funds: Market Vector Russia ETF (RSX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Related stocks: Goldcorp (GG), Newmont Mining (NEM), 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.