Markets: The Fed Is The Only Game In Town

In many cases it does not really matter what the economic data is what matters is what the Federal Reserve says relative to the data. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.

Federal Reserve: The Hawks Are Extinct

When it comes to the Federal Reserve the hawks are extinct. They are all doves of varying degrees.

** Hawk is the term used to describe a fed member who places keeping inflation low as the top priority in monetary policy and has the tendency to be prone to have a high level of interest rates. A monetary dove gives more emphasis to low unemployment, over low inflation thus it tends to prefer low interest rates.

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

Potential For A Big Reversal in Gold Stocks (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold stocks were down another 5 percent but they are still way up on the year but we have seen a significant correction on the speculation that the Federal Reserve might raise interest rates, of course they might not.

We are going to have a jobs report on Friday and if it is really a weak report, all the rate hikes are completely off the table once again. So there is potential for a huge reversal if we get a really weak jobs number. (Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), NovaGold (NG))

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