Gold: A Down Payment On Much Larger Returns

I think this recent gold (SPDR Gold Trust ETF (GLD)) correction is just a down payment on much larger returns. When the year began everybody was bearish on gold because everybody expected the federal reserve to hike interest rates, not just hike once but begin the much hyped and anticipated normalization process. Because interest rates have been at zero for many, many years and the Federal reserve was beginning to normalize interest rates. What I said at the time was, (A) I did not believe it, even if the Federal Reserve raised interest rates it would not matter because they would never deliver the number of interest rate hikes that were anticipated by the markets.

Why Does Wall Street Prefer Hillary Clinton?

Why does Wall Street want Hillary Clinton? Because Hillary Clinton continues the status quo that everyone on Wall Street likes. (Goldman Sachs (GS), Morgan Stanley (MS), J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C))

The Stock Market Prefers Hillary

It is no secret that the markets want Hillary Clinton to be elected. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

A Very Suspicious GDP Number

I am very suspicious of this recent GDP number. It is the strongest number in over 2 years and it comes out less than 2 weeks before the election. Of course one of the issues Dnalpd Trump had has been the weak GDP growth which has averaged just 1 percent over the last 3 quarters. All of a sudden its 2.9 percent?

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

Why Is Consumer Confidence Dropping

I don`t think it is an accident that consumer confidence is dropping at the same time that Trump`s poll numbers are dropping because I think there was a lot of hope and optimism on the part of Trump voters.

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

Even A Tiny Rate Hike Will Damage This Bubble Economy

I believe that this bubble is so big, we have so much debt, that even these tiny interest rate hikes are doing damage to this bubble economy.

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