Gold Market Outlook

Related trading instruments: SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM)

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: A Declining Productivity Is Not A Good Sign

One of the worst pieces of news that came out was the revision to the first quarter productivity. It declined by 3.1%. That is a big drop. Remember this are back to back declines because we also had a decline in the forth quarter of last year. That has not happened since 2006!

Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

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

More Economic Data Pointing To A Recession

April Factory Orders: They fell by more than expected, 0.4 percent, year-over-year (YoY) orders are now down 6.4 percent and this the sixth consecutive month that Factory Orders have been down year-over-year (YoY). That has only happened in America during a recession.

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