Oct 28, 2014
The Economy Cannot Survive Without QE
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Oct 27, 2014
The U.S. Economy Is A Disaster
I think the economy is a disaster. And that is why I do not think the Federal Reserve is going to exit. Unfortunately they got QE$ queued up and ready to launch.
They are going to do more quantitative easing, not because it has worked but because it has been an abysmal failure. But they can`t admit it has been a failure, they are going to do it all over again.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
They are going to do more quantitative easing, not because it has worked but because it has been an abysmal failure. But they can`t admit it has been a failure, they are going to do it all over again.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 25, 2014
The Only Way The Fed Will End QE
They have to keep pretending they can end it at a later date, because they can never end it on any date. They cannot end it without creating a recession, they cannot end it without producing another financial crisis, which means they are not going to end it.
I mean, not on their own terms. That does not mean it is never going to end. It will end, when a currency crisis and a sovereign debt crisis forces it to end. But before that happens, the Federal Reserve is going to come up with one excuse after another which is what I said since they launched QE1!
Related trading instruments: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), 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.
I mean, not on their own terms. That does not mean it is never going to end. It will end, when a currency crisis and a sovereign debt crisis forces it to end. But before that happens, the Federal Reserve is going to come up with one excuse after another which is what I said since they launched QE1!
Related trading instruments: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), 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.
Oct 24, 2014
What is The Fed Going To Do If Stocks Go Down?
Recently they have been sucking the air out of the bubbles. And now they are surprised that the bubbles are deflating?
What they are going to do is they are going to try to blow the air back into the bubble. They need the stock market going up, so if the stock market goes down, what are they going to do? And again, it is not just stocks, it is real estate. That is going down too.
Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.
What they are going to do is they are going to try to blow the air back into the bubble. They need the stock market going up, so if the stock market goes down, what are they going to do? And again, it is not just stocks, it is real estate. That is going down too.
Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Oct 23, 2014
Markets Are Slowly Coming To Grips With The Reality
I think the markets are slowly coming to grips with the reality that the exit from QE is not going to be as easy as everybody thought. You know, I heard Dallas Fed Chairman, Richard Fischer on CNBC earlier, calling for QE to end on schedule. But what Fischer does not understand is that you cannot end QE without plunging the U.S. Economy into a severe recession.
It is because of the monetary policy of the Federal Reserve that the U.S. economy is more screwed up now than it has ever been in its history.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), 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.
It is because of the monetary policy of the Federal Reserve that the U.S. economy is more screwed up now than it has ever been in its history.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), 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.
Oct 22, 2014
Ending Quantitative Easing Will Plunge The U.S. Economy Into Recession
Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
QE: When The Effects Wear Off...
Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), 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.
Oct 21, 2014
More QE To Get The Stock Market Up Again
In fact, just as I said, a lot of the enthusiasm or the talk about the Federal Reserve maybe not ending QE or not raising rates, a lot of it has to do with the weakness in the market.
People are saying, well, won`t this weakness in the stock market put the Federal Reserve on hold? That is exactly what I was saying before the market weakened. I said initially, if the Federal Reserve tapers the stimulus, the markets will go down. And the markets going down will mean that the Federal Reserve has to come back and stimulate to get the market back up. Because the goal of QE was to inflate the stock market and the real estate market.
Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
People are saying, well, won`t this weakness in the stock market put the Federal Reserve on hold? That is exactly what I was saying before the market weakened. I said initially, if the Federal Reserve tapers the stimulus, the markets will go down. And the markets going down will mean that the Federal Reserve has to come back and stimulate to get the market back up. Because the goal of QE was to inflate the stock market and the real estate market.
Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Market Update: Deflation, Inflation & QE4
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 19, 2014
Endless QE: The End Result Will Be...
Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Nymex Crude Oil, United States Oil Fund LP ETF (USO), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 17, 2014
Gold: China Is Quietly Buying
Related Stocks and Exchange Traded Funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.
Oct 16, 2014
Gold: $1200 Will Seem Cheap
Related trading vehicles: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), 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.
Oct 15, 2014
U.S. Economy: We Will Be In Recession By Early 2015
The U.S. is n to going to be ending QE (quantitative easing) or raising rates. In fact, I think we are going to be doing more QE than Europe and Japan.
The best growth for the U.S. Economy happened in the second quarter, it is downhill from there. All the data and all the common sense points to the fact that we are headed back to recession. We should be in recession be early 2015.
Related trading instruments: 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.
The best growth for the U.S. Economy happened in the second quarter, it is downhill from there. All the data and all the common sense points to the fact that we are headed back to recession. We should be in recession be early 2015.
Related trading instruments: 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.
Investors Will Return To Gold
Related stocks and Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 14, 2014
U.S. Dollar: Why The Rally?
Related trading instruments: EURUSD forex cross, USDJPY forex cross; SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX)
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 False Premise Of The U.S. Dollar Rally
Related stocks and Exchange Traded Funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), EURUSD forex cross
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Volatility Is Indicative Of A Topping Stock Market
All this volatility is likely indicative of a top in the market and a turning point. And this has been ongoing for months. The stock market has never really been able to make significant progress this year, I have been talking about that all year. Even though the major averages have recorded gains up until now, beneath the surface, the average stock was declining. In fact, there are many stocks that are already in bear markets and you can`t really see it if you are just looking at the headlines.
Related trading stocks and indexes: iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading stocks and indexes: iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 13, 2014
Stocks: A Top And A Turning Point
Look at the housing stocks. Thats about the worst looking sector out there, although this (last) week the technology sector got clobbered. So, to me you are seeing a turning point in the market. All this volatility is likely indicative of a top in the market and a turning point.
Related trading instruments: SPDR S&P Homebuilders (ETF) (XHB), Lennar Corporation (LEN), KB Home (NYSE:KBH), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), 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.
Related trading instruments: SPDR S&P Homebuilders (ETF) (XHB), Lennar Corporation (LEN), KB Home (NYSE:KBH), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), 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.
Stock Market: Economically Sensitive Indexes Are The Weakest
Everybody is talking about the U.S. recovery, yet the economically sensitive indexes are the weakest. And of course, these deal directly with the domestic economy. You don`t have the multinationals in the Russell 2000, that you have in the Dow Jones.
And if all this story about how there is weakness overseas, but America is an island of strength in a sea of recession, if that really were true why are the indexes that are most tied to the U.S. Economy the weakest?
Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), FedEx Corporation (FDX), Delta Air Lines (DAL), Union Pacific Corporation (UNP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
And if all this story about how there is weakness overseas, but America is an island of strength in a sea of recession, if that really were true why are the indexes that are most tied to the U.S. Economy the weakest?
Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), FedEx Corporation (FDX), Delta Air Lines (DAL), Union Pacific Corporation (UNP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Stock Market: The Worst Week In Years
It was the worst week in the stock market in years. The Dow Transportation Index, it had the biggest decline in over 3 years, down 6.9 percent. And that`s despite Crude Oil down 4.6%. That`s the worst week in about p months and over the last 2 weeks crude oil is down 8.5 percent.
The nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.
The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.
It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.
Related stocks and ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)
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 nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.
The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.
It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.
Related stocks and ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 10, 2014
Federal Reserve: QE Has Not Worked!

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Bank of America (BAC), J.P. Morgan (JPM), Facebook (FB), Netflix (NFLX), Twitter (TWTR), Tesla Motors (TSLA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 9, 2014
Federal Reserve: Their Plan Is To Launch QE4
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), 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.
Oct 8, 2014
Bitcoin: Don`t Buy The Dips
The downturn has resumed with a vengeance. (...) I don`t see any significant support in this market and I still think we are headed quite a bit lower between now and the end of the year. There may be some bounces but these are simply opportunities in my opinion to sell. I don`t think the name of the game is to try to buy dips in Bitcoin.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 7, 2014
Gold & Silver: Opportunity To Buy
These are opportunities. And again, I don`t know when the irrationality is going to stop. I just know that the markets aren`t rational right now and it can stay that way for a while longer. But as long as we are not using leverage, as long as we are buying things we can afford and not overextending ourselves, it does not matter if the market goes against if in the long run we get the direction right.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), 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.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), 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.
Markets Are Forming A Top
I still believe that the stock market is in the process of making a top and will in fact roll over if the Federal Reserve does not come out and take the interest rate hikes off the table and unveils a new round of QE, or reverse the taper. If Yellen does that before the market breaks down than she will avert the bear market. But if she waits until after it breaks down, obviously she will be reacting to it.
But either way, the markets are in the process of forming a top, at least a short term top until the federal Reserve gives in and gives the addicts what they need, wether they need it or not.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Nasdaq 100 Index ETF (QQQ), Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
But either way, the markets are in the process of forming a top, at least a short term top until the federal Reserve gives in and gives the addicts what they need, wether they need it or not.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Nasdaq 100 Index ETF (QQQ), Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 6, 2014
Video: Employment Report Analysis
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), 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.
Oct 3, 2014
The Fed Will Lose Control
The real crisis is when people realize that the Fed has lost control, that inflation id going to run out of control and that QE will never end, because it cannot end. Because we have so much debt, that it can`t end. We can`t allow interest rates to go back into normal because at this point its impossible, because there`s too much debt.
And all the economy is one big bubble, one big illusion and all the Fed has to do is to keep the illusion alive for as long as possible but once the bondholders, the dollar buyers wake up and realize its an illusion the dream will turn into a nightmare.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), iShares Barclays 20+ Year Treasury Bond ETF (TLT), 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.
And all the economy is one big bubble, one big illusion and all the Fed has to do is to keep the illusion alive for as long as possible but once the bondholders, the dollar buyers wake up and realize its an illusion the dream will turn into a nightmare.
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), iShares Barclays 20+ Year Treasury Bond ETF (TLT), 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.
Oct 2, 2014
Stock Market: Signs Of A Top?
If this recent volatility in the market is the sign of a top and certainly the broader averages are already breaking down and topping out and you have key sectors like the homebuilders and you have certain stocks that are related to the consumer... We had bad numbers at CarMax (KMX), they sell a lot of used cars and when their numbers came out and disappointed we had a big drop in shares of CarMax (KMX), and you start to get companies like this dropping on bad results.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Quantitative Easing (QE) Has Not Worked
Related ETFs: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 1, 2014
Ending QE: Reverting The Process
Related stocks and ETFs: Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR), 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.
Federal Reserve: Selling 700 Billion USD Of Debt in 5 Years?
Related trading vehicles: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT), 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.
A Surging U.S. Economy?
Related trading instruments: Financial Select Sector SPDR (XLF), SPDR SP 500 Index ETF (SPY), Nasdaq 100 Futures, S&P 500 Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 30, 2014
Homebuilding Stocks In A Bear Market
It`s done. You can a fork in this housing recovery. And the homebuilders stocks are showing you. Again, one or two year lows! The Dow Jones Industrials is over 17,000 points, everybody talking about a recovery and the homebuilders are in a bear market. They don`t even see the recovery. How can you have a recovery without the housing sector?
Related stocks: The Ryland Group (RYL), Lennar Corporation (LEN), KB Home (NYSE:KBH), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks: The Ryland Group (RYL), Lennar Corporation (LEN), KB Home (NYSE:KBH), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Many Homebuilders Are Making 52 Week Lows
Beneath the averages there are a lot of stocks that have been clobbered over the last 11 months. Some of the hardest hit apart from gold stocks, the homebuilders. And I have been pretty negative on this sector for a while and we have a lot of homebuilders making 52 week lows this week. Some of these stocks are at 2 year lows, not just 1 year lows!
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Investment Outlook: U.S. Economy, Real Estate & Stock Market
If Janet Yellen is true to her word, by the beginning of next year there will be no QE and the Federal Reserve will be closer to pulling the trigger on raising rates. So, I think without all this extra help even if rates are still at zero, people will be preparing for interest rates not to be zero and the Federal Reserve will not be doing all this QE, I don`t think this bubble economy will be nowhere as bubbly.
I believe the real estate market will continue to soften and potentially by then it will be in outright decline in home prices, the stock market could be quite a bit lower if we stay the course between now and the beginning of 2015.
Related trading instruments: iShares Dow Jones US Real Estate (ETF) (IYR), The Ryland Group (RYL), Lennar Corporation (LEN), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Netflix (NFLX), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
I believe the real estate market will continue to soften and potentially by then it will be in outright decline in home prices, the stock market could be quite a bit lower if we stay the course between now and the beginning of 2015.
Related trading instruments: iShares Dow Jones US Real Estate (ETF) (IYR), The Ryland Group (RYL), Lennar Corporation (LEN), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Netflix (NFLX), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 29, 2014
The Fed Can`t Raise Rates
Related trading instruments: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX),
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 Federal Reserve Inflated A Much Bigger Bubble
Related trading instruments: U.S. Dollar, EURUSD forex cross, SPDR S&P 500 Index ETF (SPY), 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.
Sep 27, 2014
The United States Is A Dependent Nation
We are the most dependent nation on the world. We depend on others countries like no other country. Think about it. We have the world`s biggest trade deficit, which means that we depend on other countries to produce the products that we need. We can`t produce them ourselves, how is that self-sufficient?
We also have to borrow the money. Because we don`t produce enough to export to pay for our imports, we have to borrow money. We count on the world to finance all the goods that we can`t afford. So not only we import the most but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?
We have the biggest trade deficit in the world, the biggest current account deficit in the world and we are the world`s biggest debtor nation. We owe more money to other countries than all the countries in the world combined!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
We also have to borrow the money. Because we don`t produce enough to export to pay for our imports, we have to borrow money. We count on the world to finance all the goods that we can`t afford. So not only we import the most but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?
We have the biggest trade deficit in the world, the biggest current account deficit in the world and we are the world`s biggest debtor nation. We owe more money to other countries than all the countries in the world combined!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 26, 2014
Bitcoin: The Big Breakdown In Price
The big breakdown in the price of Bitcoin. I had been forecasting a big move down in Bitcoin prices. That has happened. I think there`s more downside to go.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 25, 2014
Federal Reserve: Cheerleaders Vs. Haters
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 24, 2014
Gold: A Lot Of Support Around 1,200
I think from a dollar price perspective, there is a lot of support around this 1200 level and even a bit below. So I think there is going to be a lot of buying down here. Usually you get a lot of bearishness when gold gets around the 1200 level.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.
Sep 23, 2014
U.S. Economy: QE Creates Addiction
The more you stimulate an economy with QE the more addicted it becomes to it. If you take it away, you get withdrawal and then the Fed comes right back with more.
Remember Janet Yellen said, "Its all data dependent." And if the economy rolls over, she is back in the QE business and the rate hikes are off the table.
Related trading instruments: EUR Futures, EURUSD forex, SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Remember Janet Yellen said, "Its all data dependent." And if the economy rolls over, she is back in the QE business and the rate hikes are off the table.
Related trading instruments: EUR Futures, EURUSD forex, SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Market Outlook: Gold, U.S. Dollar, Interest Rates
Related trading vehicles: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.
Sep 22, 2014
Don`t Invest Based On What Yellen Says
People who are investing based on what Janet Yellen says, if they don`t reverse their positions at some point, they are going to realize that they got it wrong. Because what she says and what she is going to do are two entirely different things.
Related trading vehicles: iShares Silver ETF (SLV), Goldcorp (GG), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Barrick Gold (ABX), 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.
Related trading vehicles: iShares Silver ETF (SLV), Goldcorp (GG), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Barrick Gold (ABX), 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.
How Much $1 Dollar Used To Get You
Related trading instruments: iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Kellogs (KG), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Tesoro Corporation (TSO)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 20, 2014
Recession Will Come Faster Than The First Interest Rate Hike
Related trading instruments: SPDR Gold Trust ETF (GLD), 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.
Sep 19, 2014
The U.S. Economy Will Sink Without QE
I don`t think the economy can sustain itself without QE. Think about how weak the GDP growth has actually been. We have been decelerating because 2013 was below 2012, and 2014 is probably going to be below 2013.
But all those years had QE. So if the economy can barely grow with all the QE, what is going to happen when you take it away?
Related stocks: Bank of America (BAC), citigroup (C), Goldman Sachs (GS), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
But all those years had QE. So if the economy can barely grow with all the QE, what is going to happen when you take it away?
Related stocks: Bank of America (BAC), citigroup (C), Goldman Sachs (GS), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 18, 2014
Removing QE Will Pop The Asset Bubble
Just because they removed the QE slowly, does`t mean the bubble that was inflated by that QE isn`t going to pop.
Related stocks and ETFs: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks and ETFs: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Video: Yellen Will Not Raise Interest Rates
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), 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.
Sep 17, 2014
Currencies: Markets Are Getting It Wrong
They are selling Euros, they are selling Pounds, they are selling Yen, to buy dollars because they are worried about problems in Europe or japan even though we have the same problems, only bigger in the United States.
Related trading instruments: USDJPY forex cross, EURUSD forex cross, GBPUSD forex cross, British Pound Futures, Yen Futures, Euro Currency Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: USDJPY forex cross, EURUSD forex cross, GBPUSD forex cross, British Pound Futures, Yen Futures, Euro Currency Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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