Crude Oil & Stock Market: Decoupling

The markets are really acting as they are figuring out what is going on. I mean the markets have stagflation written all over them. First of all, oil. Oil had a big up day today, better than 2 dollars a barrel. This is the highest price of the year yet despite this big jump in oil prices the Dow Jones Industrials Index was barely up and the Nasdaq Composite was down. Decoupling. (Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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 Stock Market Is Going Down In Real Terms

Gold continues to rise, so in real terms the U.S. stock market is going down and in fact the U.S. Dollar is now declining and has been declining all year against almost all currencies in the world, so it is just an illusion that the stock market is going up. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.

The Stock Market Is Not Going Up As Fast As Gold

We want businesses investing in capital to increase labor productivity so that workers can earn more real money and the prices in real terms can come down so consumers can enjoy a higher living standards. None of that is happening. This has just been a bubble and the problem is that the air has been coming out of it, that is why we relapsed back into recession.

Yes, the stock market is going up but not as fast as the price of silver, not as fast as the price of gold. So in real terms the stock market is actually going down faster now than it was last year. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV), Market Vectors Junior Gold Miners ETF (GDXJ))

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

America: A Coming Bankruptcy

Its a coming bankruptcy but we are actually bankrupted, it is a question of when we acknowledge it, the fact that we are a bankrupted country. That is one of the things that I agree with Trump, he constantly talks about the fact that America is broke, and we are. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT), U.S. Treasuries)

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 Rallying But The Major Firms Are Not Yet Participating

Gold stocks are going up yet everybody in the mainstream is sitting there doubting it. They are looking in amazement at the rally. This market is moving up and nobody in the mainstream of the investment world is on board. The train has left and there is nobody on it. So eventually they are going to buy at some point like they piled into the gold trade when it was at 1700, 1800, 1900. That is when the big firms started jumping on board just before the market turned. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

The Worst Case For Gold Is Still Bullish

The worst case scenario for Gold is, the Federal Reserve raises interest rates a little bit and that is bullish for gold or they do not raise interest rates at all, and that is even more bullish for gold or they cut interest rates and gold goes ballistic. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

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

Another Bullish Factor For Gold & Silver

I am seeing a lot of mainstream articles now about why you should not jump on this bandwagon, how dangerous the gold market is. And all this stuff really is music to my ears. If you are a bull, this is exactly what you want. You want everybody to be skeptical. You want everybody to doubt. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Hecla Mining (NL), 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, Mining Stocks Ready For Another Leg Higher

We are starting to see silver (iShares Silver ETF (SLV)) outperforming gold (SPDR Gold Trust ETF (GLD)), we are starting to see the small mining stocks (Market Vectors Junior Gold Miners ETF (GDX) outperforming the senior mining stocks (Market Vectors Gold Miners ETF (GDX)). We are now kicking in another leg up in the market.

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 & Gold: I Still Like Both Metals

I still like both metals. But this is constructive action.In fact the gold stocks are at new highs for the year even though gold itself still needs to go up 30 dollars. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

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

Recent Economic Data Points To A Recession

Obviously this economy is already back in recession and if its not in a recession its in the cusp of one.

You look at the data that came out, you got Industrial Production unless that came out, they were looking for a bounce, instead we got another true decline, they revised February down, we had big inventories build again this week, retail sales disappointed.

I think its clear that that we could be in a negative GDP quarter now and I think if the first quarter is bad the second quarter is going to be worse because the last couple of years we had a rebound in the second quarter because of very cold winters. Well, this winter was the warmest in 120 years, so there is nothing to rebound from. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))

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 Typically Does Even Better Than Gold In Bull Markets

If I am right about a bull market in Gold, there`s got to be a bull market in Silver. I do not think that there has ever been a bull market in Gold that was not accompanied by a bull market is Silver. And typically the Silver market does even better in a bull market than Gold. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Hecla Mining (NL), Market Vectors Gold Miners ETF (GDX), 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.

The Stock Market Is Caught Between Opposing Forces

I do not know if the Dow Jones Industrials Index is rising despite the bad economic news or because of the bad news. Because the bad news means the economy is weak and corporate earnings are not going to be there and you have a high multiple. Disappointing earnings are bad for stocks but of course if the economy is weak that takes the Federal Reserve out of the interest rate hiking game and I think puts it in the cutting interest rates and QE4 game and of course that is bullish for stocks. The market is caught between these opposing forces. (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) )

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 Stock Market Is Still In Denial

I think the markets are still in denial in respect to the underlying weakness of the U.S. Economy. The reason the markets have rallied off their February lows is because it is apparent and it should have been apparent earlier that the Federal Reserve is not going to be raising interest rates many times if at all in 2016. (SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), 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.

Oil Prices Going Up Is Bad For U.S. Stocks And For The Economy

Oil prices going up instead of going down its going to be a negative to the U.S. Economy. I think the idea that what we need is higher oil prices, when it comes to wishing for higher oil price because you think that is good for the economy and for the stock market, be careful about what you wish for.

In fact, at the rate that own our rig count is collapsing all this oil that we are no longer producing has to be imported and the trade deficit going higher is also a negative for the U.S. Economy. (Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), SPDR S&P 500 Index ETF (SPY), 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.

The U.S. Economic Weakness That Nobody Wants To Accept

We may have one of the weakest economies of the advanced economies, its just that nobody wants to accept that fact yet. (iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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: A Big Rally Again

We had a huge up day in gold stocks. Actually between Friday and Monday, I think this was the biggest back to back gain in gold stocks all year. The catalyst for this was the downgrade in the first quarter GDP estimates from the Atlanta Fed all the way down to just 0.1 percent. (Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), 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.

Stock Market: The Rally is Over

I think that this rally is over. I think the market is rolling over because as I said before, just not raising interest rates is not going to cut it. What the Fed is going to have to do is to cut interest rates back to zero. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))

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

This Economy Would Have To Improve Dramatically To Get To Mediocre

This economy would have to improve dramatically to get to mediocre, it is lousy! Why do you think Donald Trump and Bernie Sanders have so much support? You know, behind all those phony jobs numbers are a lot of angry Americans who lost their full time jobs and have a low paying part time job, their standard of living is going down, their cost of living is going up. Everybody wants to pretend that this is a legitimate recovery but it is just an illusion.

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. Recession: Trump Predicts A Very Massive Recession In The U.S.

Donald Trump has now predicted a very massive recession in the United States now. He did not say a recession, he is predicting a massive recession and of course must of the pundits on television don`t see any recession at all, not even a mild one. Here we have Donald Trump saying not only the recession is going to be massive but actually it is going to be very massive. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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 Miners, Commodity Stocks: The Beginning Of A New Trend

It was one of the best quarters that I can remember for gold stocks. No one on Wall Street owns gold stocks but people like me own them, my clients own gold stocks. They had a great quarter.

So, if you are investing abroad, if you are investing in resource, if you are investing in gold, you had a phenomenal quarter and in my opinion this is the beginning of a new trend.

(Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Hecla Mining (NL), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), xle, 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 U.S. Dollar Bubble Has Burst

The U.S. Dollar bubble has burst and I think this is the biggest dollar bubble I have ever seen. I think there is more air that is going to come out of it. The last U.S. Dollar bubble popped in 2001 and that one had inflated along the dot com bubble. The Dollar Index got to about 120 and by the time it bottomed out in 2008 the Dollar index was almost at 70.

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

International Investing Doing Very Well

If you are invested internationally you had a great quarter. This is probably the best quarter since any quarter that I can remember since 2009 to be invested internationally. Because the weakness in the Dollar was a big tailwind. I think emerging markets had their best quarter in 4 years, the stocks were very strong. (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.

Gold: Best Quarter In Over 30 Year!

Gold had its best quarter in better than 30 years! Gold was up more than 16 percent in the first quarter. Imagine being short that especially with the amount of leverage hedge funds use. This was the first time ever that the hedge funds were net short, they ended last year net short gold! (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.

The Pain Trade

At the end of last year, everybody with an hedge fund was long the U.S. Dollar and short the Euro, short the Yen, short the Australian Dollar, short the Canadian Dollar, you name it. Some of these guys were short the Chinese Yuan. The Yuan had a pretty good quarter too, the strongest quarter in 2 years. So everybody who was long the U.S. Dollar and short another currency got killed in the first quarter. The on ly people that lost more money than the people shorting the U.S. Dollar were the people who were shorting gold!  (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.

Markets: Not Investing In U.S. Stocks

First of all, remember, the U.S. stock market is only up (YTD) in dollars but in almost every other currency in the world the U.S. stock market is down. So, I would caution people against investing in U.S. stocks because I think the Dollar is going to fall a lot faster than U.S. stocks will rise.

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

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

Yellen`s Dovish Speech is Bullish For Gold

Janet Yellen gave a speech in front of the Economic Club of New York and this is probably one of the most dovish speeches, if not the most dovish speech she ever gave. As a result of this speech the price  of gold was up about 20 dollars on the day. (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.

The Fed Cannot Raise Interest Rates

If the Federal Reserve tries to raise interest rates we will have a worse financial crisis than the one they caused in 2008. And so you cannot say that this is a success, it is a complete failure but people just do not know it yet because the high has not worn off. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.

The Recent Gold Sell-Off Explained

When a market does not rally on good news it generally means it is overbought or ready to go down. And the people might have jumped on the failure of gold to sustain a big rally on what was perceived to be good news for gold as bad news. So that might be one of the reasons that you have the selling. To me that is a non event.

I do not buy gold because I am worried about a terrorist attack, it has nothing to do with the reasons I buy gold. I would not rush to buy gold because there was a terrorist attack. Why would I? Because when the attack is over the price goes back down. So it does not make any sense.

The real reason I buy gold  has to do with inflation, the central banks creating it, artificially low interest rates, negative interest rates, quantitative easing, all of these things.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG)

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

We Will Go Back To A Gold Standard

Ultimately we will go back to a gold standard and it is going to work. Because what we have now, a fiat system does not work! (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.

U.S. Dollar: The Trend Has Reversed

Looking at the trend, I think the trend in the U.S. Dollar has reversed. Because the Dollar gained for years based on the idea that the Federal reserve was going to be raising interest rates. But I know they cannot do that because the minute they raise interest rates they put us right back into recession. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))

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 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.

The Federal Reserve Keeps Pretending That The Economy Is Strong

If the Federal Reserve were honest they would acknowledge how weak the economy is but they cannot do that for political reasons so all they can do is not raise interest rates. They have to keep pretending that they will raise interest rates so they can keep pretending that the U.S. Economy is strong. (SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Year Treasury Bond ETF (TLT), 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.

This Commodity Move Is Real, We Are In A New Bull Market

The commodity currencies that have been rising are going to continue to rise against the U.S. Dollar. You are going to continue to see strength in latin America currencies, you are going to continue to see strength in Asian currencies and this means this commodity move is real, we are in a new bull market. (United States Oil Fund LP ETF (USO), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Energy Select Sector SPDR ETF (XLE), Nymex Copper Futures, Nymex Crude Oil Futures)

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 Fed Is About To Launch A New Easing Cycle

The Federal Reserve is about to launch a new easing cycle. As the European Central Bank (ECB) is ending its easing program, we are beginning our easing program, we are ending our tightening program.

Related: Euro / U.S. Dollar (EURUSD)

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. Elections: There Is No Chance Hillary Would Be A Good President

A lot of people are under the impression that I am endorsing Donald Trump because I have said some positive things about him and his campaign. But I want to make it clear that I am not doing that. I am not convinced that he is going to be a good President although it is possible that he could. I think there is no chance that Hillary Clinton would be a good President, I am pretty sure that is clear but Donald Trump is a wild card.

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 Economy Is Rapidly Losing Momentum

The economy is rapidly losing momentum, in fact the jobs number that came out, everybody wants to pretend that was such a great report. 90 percent of the jobs that were created were part time jobs.

Believe me, people want full time jobs, they do not want part time jobs.

ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA)

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

QE4 Will Push Commodity Prices Up Even Faster

I think we are going to do QE4 before the election and that is really going to push commodity prices up even faster. (United States Oil Fund LP ETF (USO), SPDR Gold Trust ETF (GLD), Nymex Copper Futures)

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: The Supply And Demand Dynamics Are Beginning To Shift

As the Dollar comes down, it increases demand for commodities because they are priced in dollars and so when the U.S. Dollar goes down it brings down the price of commodities and demand is very sensitive to price, the lower the price the bigger the demand.

The supply and demand dynamics are beginning to shift and I think we are going to see much much higher prices as the year progresses and in the following several years. (United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures, 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.

Commodities Are Going Higher

It is the Dollar going down and also supply. The price is a function of supply and demand and there is a lot of reduction in exploration and production so that is also causing prices to go higher. But the Dollar has also been weakening, the Dollar is at a 7 month low against the Australian Dollar (AUD). The U.S. Dollar has been weakening considerably in recent months, weeks. (United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures, 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.

Commodities Are Turning

Commodities are turning, the U.S. Dollar is turning, gold is turning and this is just going to compound the problem for the Federal Reserve. Because now they are not going to be able to hide behind the fact that there is not enough inflation. We are going to get more inflation but it is going to be stagflation.

(SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Nymex Crude Oil Futures)

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. Economy: We Are Already in A Recession

I think we are already in recession. I think it began last year in the fourth quarter. Although I believe we have been in a recession for the entire recovery. I never believed that this was a legitimate recover. I think the government has been understating the amount of inflation and therefore overstating the amount of growth. That game is over.

The economy was so weak in the forth quarter that by the time they redo the numbers later in the year they are going to go back and revise that 1 percent growth to negative. And there is a very good chance that we are going to have another negative number for the first quarter of this year.

(Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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

Will Draghi Take Europe Deeper Into Negative Rates?

There are some rumors that they are going in that direct. And I think there are nearing the end of the negative interest rates experiment. It has been a disaster, it has blown up in their faces, it is clobbering the European banks which in many cases the stocks are trading lower than they were at their lows in the 2008 financial crisis and negative interest rates are just making the problems bigger.

(Deutsche Bank, Banco Santander, Societe Generale, BNP Paribas, Credit Agricole, ABN Amro, BPI, BCP, Banco Popular)

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 U.S. Will Monetize The Debt Eventually

When foreign governments or foreign individuals buy our bonds, then the U.S. Dollar can stay strong but if we have to print dollars to buy those bonds then the supply of dollars worldwide is exploding and people can see what we are doing, they can see that we are just monetizing our debt and every country that has collapsed has collapsed for the same reason. You can look for examples of what happened to the countries that have monetized their debt. (iShares Barclays 20+ Year Treasury Bond ETF (TLT))

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

All of America`s Creditors Are Going To Stop Lending Us Money

All of America`s creditors are going to stop lending us money because we have already borrowed more than we can possibly repay.

The U.S. Dollar and U.S. Treasuries are probably the most over owned assets in the world. And if the creditors are going to stop lending us that just leaves the Federal Reserve. Because we either default which would be honest but politically almost impossible or the easier rout is to have the Federal Reserve monetizing the debt. (iShares Barclays 20+ Year Treasury Bond ETF (TLT), U.S. Treasuries)

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: Is The Bottom In? Depends On The Fed.

This is all about the Federal Reserve. Wether or not we hit bottom depends on wether the Fed capitulates.

I heard a Fed governor talk about how great the economy is and how it is going to continue on improving. It was Bullard. And Bullard was saying that this year economic growth is going to be a lot faster than it was last year. Last year we were at 1.8 percent and he is saying it will be about 2.5 percent this year.  I do not know where he is getting that number from because this year off to a much worse start than last year.

So, I do not know why he is so optimistic. So, as long as the Federal Reserve has this type of rhetoric it is going to be hard for the market to bottom. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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