The Gold Trade

Somehow a lot of people jump to the conclusion that the gold trade is an uncertainty trade, a political chaos trade but that is not really what is going on here. The price of gold is not going up because of what is going on in Europe. It is going up because of what is happening in the United States, more specifically in Washington and even more specifically at the Federal Reserve.

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 & The British Referendum

I think gold (SPDR Gold Trust ETF (GLD)) is going to go up regardless of the way the British vote. I think they should vote to leave but wether they stay or wether they go its not going to influence my decision wether or not I want to own gold. (Market Vectors Junior Gold Miners ETF (GDXJ), 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 Next Crisis Will Be A Dollar Crisis

We are not prepared for what is about to happen which again will be much worse than the 2008 financial crisis. It is going to be a dollar crisis, it is going ultimately to be a sovereign debt crisis and it is going to bring this bubble economy to its knees. (iShares Russell 2000 Index ETF (IWM), 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.

European Banks: Trading Lower Than They Were At The 2009 Lows

The European banks are lower than they were at their 2009 post Lehman financial crisis low. That is a huge decline in those European banks. They got negative rates over there. This is another example of what happens when you go to bed with the devil.

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 Markets Are Rolling Over

The markets are rolling over. look at the financials! The European banks, most of these banks are now  not only at 52 week lows, they are at the lowest they have been as far as my charts go back.

Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)

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, Emerging Markets

Once the Federal Reserve has to admit that we are in a recession, what are they going to do? They are going to cut interest rates, start printing up a lot of money, the U.S. Dollar tanks, commodity prices are going to rise and all of a sudden a lot of the emerging markets are going to be in better shape, a lot of the countries that were hurt by a strong U.S. Dollar and by the fear of higher Fed rates, those economies are going to take off. (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.