The Stock Market Has Gone Nowhere For The Last 12 Months

The stock market has gone nowhere for the last 12 months. The average stock is down.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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 Economy Is A Disaster

This economy is a disaster and everyone wants to pretend that it is great because no one wants to admit that Obama is a complete failure, that the Federal Reserve is a complete failure, that everything that the government has done has failed!

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

Markets: Gold, Gold Mining Stocks & Silver Stocks

It started the year below 1100, it got down to 1050 when the Federal Reserve just raised interest rates in December but it has had a pretty good run. The gold stocks have gone up a lot more. In fact there are silver stocks that have gone up 500 percent since their January lows. That has been the biggest move. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Hecla Mining (NL), iShares Silver ETF (SLV), 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.