Economic Indicators Suggest A Recession Is On The Horizon

Peter Schiff sees a strong deterioration in the economic data and that suggests that a recession is on the horizon. Wall Street is loving it because that means interest rates will stay at zero and there is likely even more monetary stimulus on the way.

Tickers: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ),  Apple (AAPL), Facebook (FB)

Leading Economic Indicators: Biggest Drop In 3 Years

Peter Schiff highlights the drop in the Leading Economic Indicators as we may be getting closer and closer to a new economic recession.

Tickers: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM)

ECB: Will They Really Expand QE Or Taper It Off?

Draghi said in the press conference that they talked about expanding their QE program. They were trying to talk the Euro down and they may even taper QE in the future.

Related indexes: Dax Index, Eurostoxx 50 Index, Cac 40 Index;

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 Stocks Are At Ridiculous Low Levels

Peter Schiff considers that gold stocks are very cheap and that they are currently trading at ridiculous low levels.

Related stocks:  Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.

The Bullish Case For Gold

The investment thesis that kept investors away from gold are reversing and investors will soon be fearing QE4 and that is very bullish for gold.

Trading: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

Negative Interest Rates

The Great Recession started with interest rates at 5 percent, so they had plenty of room to lower them before they did QE. But when this greater recession is about to start and interest rates are at zero at the beginning, so what are they going to do? Negative rates might be the only thing they can think of.