Bond Market: Explosive Move In Yields In Reaction To Trump

We had an explosive move in yields. Some people are saying, well maybe this is just the bond market reacting to the possibility of higher growth. No! This is the bond market reacting to the possibility of much bigger deficits, huge supply. What Donald Trump is promising to do is going to explode an already enormous budget deficit. (10- year U.S. Treasuries, iShares Barclays 20+ Year Treasury Bond ETF (TLT), 30-year U.S. Government Bonds)

Trump: The Bond Market Is Giving A Flashing Warning Signal

Donald Trump is intending to increase government spending in infrastructure to create jobs, on national defense to keep us safe, on taking care of the veterans, to build a wall...He is talking about massive increases in spending and at the same time he is talking about substantial cuts in taxes. He wants to cut the corporate tax rate, he wants to cut the individual tax rate. This is something we have not seen since Reagan. Donald Trump is going to run into a brick wall that did not exist at the time of Reagan and the bond market is really giving a big flashing warning signal.

The Only Way Central Banks Could Hurt Gold Prices

The only way to really hurt gold would be for Central Banks to become aggressive inflation fighters, to really get in front of the curve, to raise interest rates substantially. I do not see any of that happening! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Gold: A Down Payment On Much Larger Returns

I think this recent gold (SPDR Gold Trust ETF (GLD)) correction is just a down payment on much larger returns. When the year began everybody was bearish on gold because everybody expected the federal reserve to hike interest rates, not just hike once but begin the much hyped and anticipated normalization process. Because interest rates have been at zero for many, many years and the Federal reserve was beginning to normalize interest rates. What I said at the time was, (A) I did not believe it, even if the Federal Reserve raised interest rates it would not matter because they would never deliver the number of interest rate hikes that were anticipated by the markets.

Why Does Wall Street Prefer Hillary Clinton?

Why does Wall Street want Hillary Clinton? Because Hillary Clinton continues the status quo that everyone on Wall Street likes. (Goldman Sachs (GS), Morgan Stanley (MS), J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C))

The Stock Market Prefers Hillary

It is no secret that the markets want Hillary Clinton to be elected. (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.

A Very Suspicious GDP Number

I am very suspicious of this recent GDP number. It is the strongest number in over 2 years and it comes out less than 2 weeks before the election. Of course one of the issues Dnalpd Trump had has been the weak GDP growth which has averaged just 1 percent over the last 3 quarters. All of a sudden its 2.9 percent?

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 Consumer Confidence Dropping

I don`t think it is an accident that consumer confidence is dropping at the same time that Trump`s poll numbers are dropping because I think there was a lot of hope and optimism on the part of Trump voters.

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

Even A Tiny Rate Hike Will Damage This Bubble Economy

I believe that this bubble is so big, we have so much debt, that even these tiny interest rate hikes are doing damage to this bubble economy.

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, U.S. Dollar & Interest Rates

Even if the currency traders are worried about a December interest rate hike to the extent that they think it is negative to foreign currencies, gold traders do not seem to care about how an interest rate hike might impact the price of gold because the price of gold (SPDR Gold Trust ETF (NYSE:GLD)) is rising even as the probability of a December interest rate hike is rising.

Which says either gold traders do not believe those numbers and they feel that a December interest rate hike is not coming or they correctly concluded that even if the Federal Reserve does raise interest rates in December its no big deal. Its too little to late to be a negative for the gold market because the Federal Reserve is going to deliver far less than it promised when it comes to interest rate hikes. 

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