Why Gold Traded Down Today?

Gold went down today because people are afraid of the Federal Reserve raising interest rates. But what happened the last time the Federal Reserve raised interest rates? Gold went way up! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX))

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

U.S. Dollar: The Chinese Recognize The Mistake

The Chinese are recognizing that they have too many U.S. Dollars. They recognize it was a mistake to peg their currency to the U.S. Dollar.

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 American Consumer Is Not Confident

There is nothing to suggest that the American consumer is confident. All of the information shows that he is not confident!

Related stocks: Wal-Mart (WMT), Tiffany`s (TIF), Sears (SHLD), SPDR S&P 500 Index ETF (SPY)

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: U.S. Dollar, Dividend Paying Foreign Stocks

The U.S. Dollar is falling across the board and that is going to produce spectacular returns outside the United States. So if you want to buy corporate bonds look for companies that are going to pay you in a currency that is not going to go down. But I would rather invest in dividend paying foreign stocks in countries that are going to see substantial appreciation against the dollar but also countries that have much better macroeconomic outlook. (iShares MSCI Emerging Markets Index ETF (EEM))

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

Silver Stocks Are Doing Even Better Than Gold Stocks

This long dollar trade is going to unravel fast because everyone is on the wrong side of it.

Gold is trading around 1265, it is still about 15 to 20 dollars off the highs but these gold stocks made new highs for the year and what is even better than the gold stocks are silver stocks. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX))


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

Silver Stocks Are On Fire

Silver is now leading after having lagged, and I see a lot of people out there saying, "Buy gold, short silver." And I thought, what a foolish trade!

Silver now is making new highs for the year, it is now leading gold and the silver stocks are really on fire.

Stocks: Hecla Mining (NL), iShares Silver ETF (SLV)

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