CNBC`s Liesman And Conventional Ignorance

Related: iShares Barclays 20+ Year Treasury Bond ETF (TLT), U.S. Treasuries, 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.

Gold: A Real Short Squeeze Is Coming

Once all the speculators that have been shorting gold discover that their premise is wrong, that we are not getting this vibrant recovery and that we are not going to get less QE (we are going to get more) and that we are not going to have rate hikes, that the Federal Reserve is going to keep interest rates at zero in order to prop up this phony bubble economy that they inflated, you are going to see a mad rush from all the short sellers that are going to be anxious to buy back their money losing positions.

But that`s going to be a lot more difficult because there is not going to be a lot of gold around. Because a lot of the gold that was liquidated in the second half of 2013 is not going to be available for sale in the second half of 2014. That gold was probably purchased by entities that never intend to sell it. So, I think we are going to have a real short squeeze and we are going to have a big rally probably beginning here in the second half of 2014.

Related Exchange Traded Funds and Stocks: 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.

A Weakening Housing Market

Mortgage applications dropped sharply, purchase applications plunged, showing that the strength in the housing market to which Janet Yellen is pointing as a positive for the economy going forward is already turning around. The situation for housing is weakening.

Related stocks and ETFs: SPDR S&P Homebuilders (ETF)(XHB), The Ryland Group (RYL), Lennar Corp. (LEN), KB Home (KBH);

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 Outlook (2014 Half-Time Report)

Related stocks and ETFs:  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.

Yellen: Highly Accommodative Monetary Policy Still Needed

I am listening a little bit to Janet Yellen`s prepared remarks. She is sounding rather upbeat on her outlook for the economy and inflation although she is still insisting that highly accommodative  monetary policy is needed.

If the economy is really recovering, why is that highly accommodative policy needed?

Related: 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.

The Losing End Of The QE Stick

While I was in Vegas, I was reading an article about the other gambling mecca in the United States, Atlantic City. And, Atlantic City, the reason i even read the article was because it was about the closing of the Trump Plaza casino and after this casino closes, the Taj Mahal will be the only remaining Trump property in Atlantic City. But I did not even realize until I read it that this is the fourth major casino to be shutting down in Atlantic City this year. This year!

Four big casinos shutting down. And all this talk about this recovery, the recovering economy, why are all these casinos shutting down?

Again, it occurred to me that this more of an example of this bifurcated economy, where you have some people doing really well, maybe very wealthy people, people who are levered up, that own assets, that own stocks, real estate. But the majority of americans are hurting as they are suffering from higher food prices, higher electrical bills, higher rents. they are on the losing end of the QE (quantitative easing) stick.

Related stocks: Las Vegas Sands Corp.(NYSE:LVS), MGM Resorts International(NYSE:MGM), Monarch Casino & Resort, Inc.(NASDAQ:MCRI), Boyd Gaming Corporation(NYSE:BYD)

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