The Federal Reserve right now is redirecting money that otherwise would go to capital investment and now is being used to finance, as financial speculation. And what we need is more savings, and we are not going to get more savings with zero percent interest rates.
Related ETFs: Energy Select Sector SPDR ETF (XLE), 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.
Jul 17, 2014
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.
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.
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.
Jul 16, 2014
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.
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.
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