GDP Report Misses Expectations

I guess this is the last time they are going to be able to blame weak GDP numbers on the weather. Although how they can blame the first quarter`s number on the weather is beyond me but they are getting away with it.

The government reported that the first quarter GDP was up 0.1 percent... 0.1 percent? That is basically flat!

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 Fed Will Reverse Course On QE

I do expect the downward trend in job gains to continue, which is why I believe the Fed will do an about face on QE.

 Related ETFs: 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.

Video: Creating Poverty By Fighting Poverty

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 Money Chasing A Given Supply Of Goods

"Efforts to combat recession through stimulus measures mean more money chasing a given supply of goods. Being the very definition of inflation, that simply pushes up  prices while doing nothing to improve underlying economics." - in The Little Book Of Bull Moves

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: Free Market Capitalism

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

Gold: The Rally Will Gather Momentum As The Year Progresses

All of the gold that the speculators unloaded in the second half of 2013 has been bought by entities that have no intention of ever selling it.

Once the market turns around and probably it has already bottomed, we are surprising everybody with the rally thus far in 2014, which I think it will gather momentum as the year progresses, especially when we get more of the economic data coming out this spring which does not show an improvement over the winter. In fact it may even continue to deteriorate because everybody has been dismissing all the bad news as if it was solely related to the cold weather. 

Related ETFs: SPDR Gold Trust ETF (GLD), 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.