We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.
Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 16, 2014
Jun 13, 2014
What`s Driving Oil Prices Higher?
Tensions in Iraq are driving up the price of oil. Don't get mad, get in on it - as I have often advised.
Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 12, 2014
Markets Are Riding The Wave Of Cheap Money
The markets are driving the wave of all the cheap money. That`s what is driving the markets.
But it is not a healthy rally because the only reason that stocks are going up is just that the value of our money is going down.
Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), 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.
But it is not a healthy rally because the only reason that stocks are going up is just that the value of our money is going down.
Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), 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.
Certain Companies Will Benefit From Inflation
Related ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), 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.
Jun 11, 2014
Countries Are Inflating Their GDP`s
Related: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 10, 2014
The Cheap Money Is Harming the U.S. Economy
The stock market is a function of the QE, of all the cheap money. the same cheap money is really making it impossible for the U.S. economy to create the kind of jobs, quality jobs that most americans need.
We have regained numerically the jobs that were lost since the beginning of the Great Recession but they are not the same jobs, the jobs that we are creating pay a lot less than the jobs that were destroyed. In fact, many of them are part time jobs.
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), 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.
We have regained numerically the jobs that were lost since the beginning of the Great Recession but they are not the same jobs, the jobs that we are creating pay a lot less than the jobs that were destroyed. In fact, many of them are part time jobs.
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), 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.
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