A Sharp Oil Reversal

I think this oil decline is temporary. It is a market driven phenomenon, it is technical and again it has to do with the anticipation of a tighter Federal Reserve and a strong dollar. The dollar has strengthened but the Federal Reserve has not tightened and I do not believe it is going to tighten because I think the recovery is a mirage.

And as more people figure this out in 2015, and the dollar trade reverses, I think you are going to see a sharp reversal in oil as well.

Related stocks: Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Schlumberger (SLB), Halliburton (HAL), Chevron (CVX), Diamond Offshore Drilling (DO)

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO)

Topics: WTI Crude, U.S. Dollar, technical analysis, market dynamics.

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

Stock Market: No Sure Bets

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), 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.

This Is Going To Light A Fire Under The Gold Trade

When people figure out that the Federal Reserve is going to print more money than Japan and Europe combined, we are not getting ready to tighten, we are getting ready to launch QE4. That is going to light a fire under the gold trade.

Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)

Related exchange traded funds: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

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