Markets: U.S. Stocks, The Economy

What really should get people nervous about the economy is the economy! The economy is really sea, it is one of the reasons the stock market is going down, the other one is of course that the Federal Reserve pricked the bubble and the air is coming out. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM))

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 Making New Highs

Several gold stocks that I follow, that I own, made new 52 week highs and several others did not quite make 52 week highs but are trading at the highest point of this calendar year.

Related Exchange Traded Funds: 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.

Why Is Goldman Sachs Picking On Gold?

Goldman Sachs (GS) came out to encourage their clients to short Gold. And you can think of all the potential shorts out there, why even short Gold? I mean, if Gold is at 1,200 and Goldman thinks its going to 1,000, if a stock is at 12 and you think the downside is 10, there is really not a lot to short there.

Why is Goldman Sachs (GS) picking on Gold with so many other good shorts out there? Most likely it is because Goldman Sachs (GS) is short gold itself and needs to cover it or just wants to buy Gold and they want to push the price down so they can buy at a better price. (Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), 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.

Gold: A Bull Market Climbing A Wall Of Worry

There is still more fear than greed in the gold market. People are more worried that the market is going to crash and they want to cut and run. They are more anxious to get out, more nervous that gold is going down than they get excited when gold is going up. Well, this is a good sign of a bull market climbing a wall of worry. (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.

Markets: Stocks, Gold & Gold Stocks

The stock market and the gold market are really the mirror image of each other right now. Gold tends to be trading off of stocks, if stocks are going down, gold is going up, if stocks are going up, gold is going down. So that is the dynamic that is in play right now.

Ultimately I do believe that stocks, gold and gold stocks will be going in the same direction because they will all be responding positively to the Federal Reserve admitting that is not going to raise interest rates, that it will be cutting interest rates even to negative and launching QE4. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Gold Trust ETF (GLD), 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.

As Long As The Fed Keeps On Bluffing, The Markets Will Keep On Falling

Whenever the Federal Reserve raised interest rates there was going to be a disaster. The fact that they waited so long means it is going to be a bigger disaster.

We are only going to have a crash if Janet Yellen continues to pretend that the economy is healthy and that the Federal Reserve is planning more interest rates hikes. I think the Federal Reserve will launch QE4, I think the next move by the Federal Reserve is to cut interest rates, not to raise them again. As long as the Federal Reserve keeps on bluffing, the markets will keep on falling.

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