Everybody is looking for rate hikes and they not going to get them. So this will be a game changer in the oil market.
Related trading instruments: Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil Futures, Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhipllips (COP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 19, 2014
The Reason Oil Prices Are Under Pressure
The only reason that oil prices are under pressure is because the dollar is strengthening based on the idea that the entire world is a disaster, except the United States. And so, the world is going into a recession, everybody is taking refuge in the U.S. Dollar and that is suppressing the price of oil.
I think when people come to the conclusion and again they will come to it, I believe, sometime next year, that we are not only going to be the only country not printing money. We are going to be printing money, more than all the other the other countries combined.
Related trading: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), EURUSD forex cross, Euro Currency Futures, 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.
I think when people come to the conclusion and again they will come to it, I believe, sometime next year, that we are not only going to be the only country not printing money. We are going to be printing money, more than all the other the other countries combined.
Related trading: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), EURUSD forex cross, Euro Currency Futures, 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.
China Is Not Fighting The Currency War
Interestingly too, the Chinese Yuan hit a 8 month high. So even as the Yen is falling and other currencies like the Euro galling, the Yuan is rising. It is positive on the year by about one to two percent against the U.S. Dollar, which means the Chinese currency is really strong against the Yen or the Euro, because the Dollar as been strong against those currencies, yet it is still dropping against the Chinese currency.
I think the Chinese are discovering that a currency war is not a war that you want to win. And clearly the Chinese are not fighting that. Their currency is rising against other currencies.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
I think the Chinese are discovering that a currency war is not a war that you want to win. And clearly the Chinese are not fighting that. Their currency is rising against other currencies.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 18, 2014
False Narrative Is Driving The Dollar Higher And Gold Lower
What is driving the narrative of a strong dollar and a bear market in gold is this false belief that because the U.S. Economy is strong, the Federal Reserve is going to tighten. Well, when people recognize, realize that because the U.S. Economy is economy is now weak again, the Federal Reserve is not going to tighten but do more QE, that is going to be very, very bullish for gold and bearish for the Dollar.
Related trading instruments: SPDR Gold Trust ETF (GLD), EURUSD forex cross, USDJPY forex cross;
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 trading instruments: SPDR Gold Trust ETF (GLD), EURUSD forex cross, USDJPY forex cross;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 17, 2014
Japan Is Back In Recession
Related trading instruments: Nikkei 225 Index, USDJPY forex cross;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Time To Start Your Own Gold Standard
Related stocks and exchange traded funds: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), 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.
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