A Bullish Signal For Gold

Gold had very interesting week. It finished back above 1,200. In fact it finished Friday strong. Gold was up about 14 dollars, it closed at 1,207. What was interesting about the strength of gold is that the dollar had one of its best weeks in months. The dollar was up better than 3 percent on the week, closing the week near the highs, yet gold prices rose despite that. In terms of other currencies, gold was much stronger. In Euro terms, gold is very close to a 2-year high.

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

European QE & QE4

The whole justification for European QE is, "Hey, look how well it succeeded in America."

But if we slip back into recession and have to do QE4, that is pretty strong evidence, at least to anybody who is thinking, that it did not work.

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

U.S. Economy: The Fantasy Is Going To End

The weather excuse is going to run dry soon, we are going to get into Spring, it is April and it is not going to be as cold, its not going to snow but it may rain on the Wall Street`s excuse parade., that is for sure.

Because if we continue to get weak numbers as I expect, through out the Spring, then this all fantasy is going to come to an end.

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