The Stock Market Is Sensing That The Fed Is "On Pause"

I think the stock market is sensing that this means the Federal Reserve is on pause, which of course it is because this really is not a good number regardless of the way people want to spin it.

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 Jobs Report Is Awful Beneath The Surface

If you look beneath a very superficial layer, what you reveal is a very ugly picture when it comes to the April jobs report. But nobody wants to do that. They don`t want to bother or they are afraid of what they might see.

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: Some Overhead Resistance Above 1,200 Dollars

Gold is just below 1200 dollars an ounce. Its really been banging up and down. Every time it gets above 1200 they seem to smash it back down but of course whenever they smash it back down the buyers show up, so they really can`t break the market but there is still an overhead resistance to keep it from exploding.

But I think eventually the buying is going to overtake the selling and we will run out of sellers in the gold market and when it finally goes up, it is going to go up in a rather spectacular way.

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