A Bullish Signal For Gold

Gold had very interesting week. It finished back above 1,200. In fact it finished Friday strong. Gold was up about 14 dollars, it closed at 1,207. What was interesting about the strength of gold is that the dollar had one of its best weeks in months. The dollar was up better than 3 percent on the week, closing the week near the highs, yet gold prices rose despite that. In terms of other currencies, gold was much stronger. In Euro terms, gold is very close to a 2-year high.

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

European QE & QE4

The whole justification for European QE is, "Hey, look how well it succeeded in America."

But if we slip back into recession and have to do QE4, that is pretty strong evidence, at least to anybody who is thinking, that it did not work.

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 Fantasy Is Going To End

The weather excuse is going to run dry soon, we are going to get into Spring, it is April and it is not going to be as cold, its not going to snow but it may rain on the Wall Street`s excuse parade., that is for sure.

Because if we continue to get weak numbers as I expect, through out the Spring, then this all fantasy is going to come to an end.

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: The Next Crisis

The crisis that is coming is going to be a dollar crisis. The dollar was down 1 percent in a thin holiday trading session immediately following the release of this very disappointing March jobs report. But the decline in the dollar is just getting started.

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 Dismal Jobs Report

The actual number was 126,000 jobs. That is it. That is the fewest number of jobs that we have created since December of 2013. That means we did better in the Polar Vortex during January, February and March of 2014. This was worse than those numbers.

Now to add insult to injury, they went backwards and they took 67,000 jobs away for the last 2 months.

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 U.S. Dollar Rally Is False

The U.S. dollar is still on the defensive, it has not imploded yet, but it is not making new highs anymore. And I think that the speculators that have been buying up dollars (and again, this is the most crowded trade, long the dollar, short just any other currency), the speculators who are on this trade are having a hard time acknowledging that it is not working out. It is very tough to break this trend. You get all this news that keep coming out that should be lifting lightbulbs on people`s heads.

The whole rationale for the strong dollar is based on a strong U.S. Economy and the Federal Reserve raising rates. Well, if the U.S. Economy is not strong and if we are getting back into recession, if the Federal Reserve is going to be doing QE4 then the U.S. Dollar`s rally is all false.

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