A Bullish Case For Gold

Traders are bearish on gold (SPDR Gold Trust ETF : GLD) because they are bullish on the dollar and they believe the Federal Reserve is going to raise rates. When they realize that they are not, and they have to rush to unwind these short trades and get back out of the dollar...if you thought gold went up a lot when the Federal Reserve did QE1 and QE2, wait till you see what is going to happen when they do QE4.

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

Fed`s Rate Hike Fantasies

I think it is very likely that we are going to start to see weaker non form payrolls numbers, we are likely to see the unemployment rate notching up, which means those rate hike fantasies are going to be pushed off further and further into the future until they are ultimately obscured by the reality of QE4.

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

Federal Reserve: Walking On A Fine Line

This bubble is too big to pop because if the Federal Reserve does pop it, the result will be a financial crisis much worse than 2008. So the Fed must maintain the pretense that is going to raise rates without actually ever doing it. That is the fine line that they are trying to walk.

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 Fed Will Only Raise Rates When They Are Forced To

They are never going to raise interest rates at least not until they are forced to. That is what I can`t understand, people have not figured this out yet, that Yellen has no intention of raising interest rates. She did mention that it was possible that they could raise rates but anything is possible. I mean an alien invasion is possible, right?... but its not going to happen. And it is not because of inflation, it is because we have a bubble, there is no legitimate recovery, if there was, they would have raised rates years ago. It is a gigantic bubble and the Federal Reserve is afraid to prick it.

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

Commodities: When Will They Start Surging Again

When the dollar turns, that is what is going to unleash commodity prices. oil prices will come back up. Other commodity prices that were falling based on the anticipation of rate hikes, when they realize that we are going to get QE4...

If you thought QE1 or 2 did a number on the commodities market, wait till you see QE4. And when those commodities start to surge, they are not just going to surge in dollars, they will surge in all these 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.

The Federal Reserve Is Even More Dovish Now

If you read the entire statement, the Federal Reserve is more dovish now than it was before. The Federal Reserve is more concerned about the U.S. Economy today than it was when the word patient was still there.

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