Peter Schiff discussed the pros and cons of the Trump tax plan. Here are the highlights:
"President Trump announced some of the details of his highly anticipated tax reform which is really not tax reform it's more of a tax cut masquerading as a reform."
"I would say the best part about it is the elimination of the estate tax."
Sep 28, 2017
Sep 27, 2017
Gold: Below 1,300 Will Likely Be A Buying Opportunity
Peter Schiff’s most recent commentary on gold:
"We are at 1290 on the price of gold, so we're right below where I thought the support was at 1300."
"I'm not that worried that we're going all the way back down to 1200."
"I don't think we see a bigger pullback though given the fact that we're not getting a rise in the dollar and oil prices are now comfortably holding above $50 a barrel."
"Strong oil, a weak dollar, to me that means that gold prices are likely heading higher even though we're a little bit below that support, I think that people are gonna buy it, I do think that 1300 is maybe the new 1200 so anything under that I think is going to be looked at as a buying opportunity."
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Barrick Gold (ABX), NovaGold (NG), Newmont Mining (NEM)
"We are at 1290 on the price of gold, so we're right below where I thought the support was at 1300."
"I'm not that worried that we're going all the way back down to 1200."
"I don't think we see a bigger pullback though given the fact that we're not getting a rise in the dollar and oil prices are now comfortably holding above $50 a barrel."
"Strong oil, a weak dollar, to me that means that gold prices are likely heading higher even though we're a little bit below that support, I think that people are gonna buy it, I do think that 1300 is maybe the new 1200 so anything under that I think is going to be looked at as a buying opportunity."
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Barrick Gold (ABX), NovaGold (NG), Newmont Mining (NEM)
Sep 26, 2017
The Federal Reserve Is In A Box
The Federal Reserve is in a box, they boxed themselves in because they've kept interest rates so low for so long, they've allowed so much debt to accumulate that now it's impossible to allow interest rates to rise. But they can't admit that so they have to pretend as if everything's gonna be fine, they're gonna be able to normalize interest rates, they're gonna be able to shrink their balance sheet. None of this is possible and it's only a question of time before traders and investors figure it out.
Subscribe to:
Posts (Atom)