Canadian Dollar Outlook

It looks like the Canadian Dollar has in fact bottomed. I have been talking about that for a while. So there could be a very big rally going forward and not only in that currency but in several other currencies as well that are likely going to be experienced "good news" in the form of higher inflation and as a result they are going to be raising their interest rates.

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

"W" Bottom In The Oil Price

I have been talking about the rebound in oil prices. This week oil prices moved above 57 dollars. It may not sound like a lot, as we were paying 100 dollars a barrel but oil bottomed out at 42. So, percentage wise, that`s a pretty big move. And I think we are forming a very, very sizable "W" bottom in the oil price.

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 Consensus On The U.S. Economy Is Wrong

The markets have been volatile but the news again, what little did we have, has been bad. On Monday we got the Chicago Fed National Activity Index and once again everybody was expecting a bounce back because last month the index dropped. It was down 0.11% and the consensus was that it would rebound to +0.15%.

It always seems to be the consensus, I am sure they are looking for a bounce back in April...

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