Oil & Gold: Searching For A Bottom

Oil really looks like it is searching for a bottom just like Gold is searching for a bottom. We had a very, very strong day in Gold. The price of Gold is now back above that psychological important 1,200 level.

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

Currency Markets Are Prepared For The Opposite Of What Is Going To Happen

I think what you are going to have is Central Banks increasing interest rates around the world at the time the Federal Reserve is doing QE4.

So, I think the currency markets are prepared for the opposite of what actually is going to happen. They think everybody in the world is going to be easing and the Federal Reserve is going to be the only central bank tightening. We will be doing QE4 and other central banks are going to be trying to put out the inflationary fire that they lit on purpose.

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

Monetary Policy: It Will Backfire

I believe Central Banks are behaving very foolishly around the world. They are deliberately cutting interest rates in pursue of inflation as if that`s the Holy Grail of economics. I think this is going to backfire. I think the inflation rates around the world will end up being much higher than any central bank has bargained for.

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

U.S. Economy: A Gigantic Bubble

The U.S. Economy has never been in worse shape than it is right now. You just can`t perceive that because the Federal Reserve has not taken away all the monetary support. But this is not a genuine recovery, this is a gigantic bubble, this is bigger than the housing bubble, this is bigger than the dot com bubble. This is all fantasy.

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 Is Bluffing

The Federal Reserve is still trying to bluff, they are trying to pretend that they remain on this course, headed for a destination that they will never reach, which is an interest rate hike. That is not what the Federal reserve is going to do next. The next thing the Federal Reserve is going to do is to launch QE4.

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

U.S. Economy: The Weakest Its Been Since The 2008 Financial Crisis

We now have 5 consecutive monthly declines in Durable Goods ex-transportation. The last time that happened was during the months surrounding the 2008 financial crisis. So, yet again, we have more evidence that the U.S. Economy today is the weakest it has been since the depths of the 2008 financial crisis.

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